Millenials Regret Buying Home! Is Buying a Home a Real Estate Mistake?

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Millennial homeowners have a bad case of buyer's remorse, according to a new survey.

Nearly two-thirds, or 63 percent, of millennial homeowners surveyed by Bankrate.com said they had regrets about buying. That is more than any other age group, defined in the survey as people aged 23 to 38, and nearly double the regret rate of baby boomers. Overall, about 44 percent of U.S. homeowners say they have regrets about their purchase.

Millennials have been slow to enter the ranks of homeowners, thanks to the last recession and the housing crash that caused it. Now, as they age into marriage and parenthood, they are buying at a faster pace. Many, however, are regretting it.

Видео Millenials Regret Buying Home! Is Buying a Home a Real Estate Mistake? канала Financial Education 2