flexiblefullpage - default
Currently Reading

These Are the Biggest Regrets Among Mid-Pandemic Homebuyers

billboard - default
New-Home Sales

These Are the Biggest Regrets Among Mid-Pandemic Homebuyers

A number of buyers who purchased homes during the COVID-19 pandemic were forced to raise their budgets and make sacrifices to beat out the competition, and many now regret their decisions

January 24, 2023
House above shopping cart next to small wooden block with a question mark on it
Image: Stock.adobe.com

The COVID-19 pandemic ushered in a two-year homebuying frenzy which, inevitably, led many hasty homebuyers to regret their purchases. Specifically, 64% of new homeowners surveyed by home insurance group Hippo wish they would have bought a different home, while 63% said they should have waited longer to buy.

In order to save money in a high-cost market, a number of pandemic buyers also sacrificed their must-have home features or bought fixer-uppers, a choice that 24% now regret, according to the National Association of Realtors. 

The top reasons for their regret are feeling like they overspent (30%) or rushed the homebuying process (26%), according to a separate survey from Clever Real Estate.

What’s more, about half of recent home buyers said in the Hippo survey that homeownership is more expensive than they anticipated, there’s too much maintenance and upkeep, and they compromised too much for their home.

Read more

Related Stories

Housing Markets

Could These Midwestern Metros Be the Next Top Real Estate Markets?

Out-of-state homebuyers are flocking to Midwestern markets like Lafayette, Ind., and Topeka, Kan., where they're finding affordable homes, high-paying jobs, and robust local economies


Buyers Cite Unaffordable Prices as Biggest Hurdle to Homeownership in Q4 2022

Elevated home prices continue to pose an obstacle for house hunters, but most are persevering 


These Are America’s Most Undersupplied Housing Markets

Due to the housing affordability crisis, it's anticipated U.S. home builders will fall short on meeting housing needs in 2023

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.