A Third of Pandemic-Era Homebuyers Regret Their Real Estate Purchase 

Homebuyer’s remorse is happening more and more—even for those who snagged good deals on their homes.A recent study by Clever found that roughly 40% of homeowners felt regret within their first year of owning, including 19% within the first month.And those who bought in 2022 are the most likely to regret their timing, with 32% saying it wasn't a good time to buy, the highest share of any year since 2000."[COVID-19] pandemic real estate conditions led to a frenzy of activity. Home prices were going up, inventory was going down, and that change in supply and demand led to bidding wars and crazy real estate transactions during the 2021 to 2022 time frame. Buyers were so concerned with ‘winning the house’ that logical decision-making fell to the wayside,” explains Devin Henry, president of Nomadic Real Estate in Washington, DC. Why some COVID-19 pandemic-era buyers may wish they had waitedRates at the start of 2022 were still near historic lows, so many 2022 buyers thought they had a window of opportunity to purchase a home at a more affordable price. However, by the time most of these buyers closed, the market had already changed. Interest rates had doubled by the end of the year, whil...