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[Report] Nearly 1 in 4 Americans Have Buyers Remorse With Current Home
As mortgage rates hit their highest point in two decades – Americans who made a pandemic-related move may have to stay put longer than expected.
A new nationwide survey finds nearly 40% of Americans moved between 2020 and 2023… and 1 in 5 regret it. One of the main reasons? Money.
- Nearly 1 in 4 regrets how much they paid for their new home and say they have buyers remorse
- Top moving regrets: unexpected costs (#1), miss old neighborhood/city (#2), miss old home (#3)
- Americans spent an average of $4,000 on unexpected repair costs while moving
Not everyone who moved in the past few years got to take advantage of the pandemic-fueled dip in mortgage rates. More than half (62%) say their rate is 6% or higher.
As for those who haven’t moved recently, it’s not for lack of trying. Nearly 1 in 3 Americans want to move, but feel trapped by their current living situation due to high interest rates.
Take a look at the full report for more insight into America’s moving regrets and desires and let me know if you can use any of the data to supplement your coverage!
About the Author
Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her husky, Snowball.