One Quarter of Americans Have Buyers Remorse

While the Gallup survey released onrnThursday shows that Americans are regaining their faith in home ownership, atrnleast as a worthwhile investment, another survey conducted by Harris Poll forrnRedfin reveals that a quarter of Americans regret buying the home in which theyrnreside.    The poll provided no insight as to why thisrn25 percent of respondents suffered buyers’ remorse but did show somerndemographic differences.  </p

The biggest discrepancies came with age,rneducation, and household income.  Thosernage 65 and older would overwhelmingly (85 percent) buy their homes again whilernonly 72 percent of younger persons would do so. rnPeople with a household income of $100,000 or more expressed morernsatisfaction with their homes (86 percent) than those with incomes below thatrnamount (70 percent).  Likewise those withrna college degrees had higher home satisfaction (82 percent) than those withrnsome college education or less (72 percent). rnWomen and people who have children in the home had slightly higherrnlevels of regret (27 percent and 28 percent respectively) and remorse wasrnexpressed more frequently by those living in the Midwest (28 percent) thanrnthose in the West (20 percent).  </p

The Harris survey was conducted amongrn2,000 adult homeowners and revealed that 89 percent of those who had boughtrntheir home within the last 10 years had used a real estate agent and better thanrnhalf (47 percent) said they “lovedrnworking with” their agent. The poll also revealed a sharp generational divide</bin attitudes toward real estate agents: 31 percent of homeowners ages 18 to 34rnwho have bought or sold a home in the past 10 years loved working with theirrnagent, compared with 52 percent of homeowners ages 35 to 44.</p