Interest rates have been rising so fast that many buyers who signed contracts to purchase new homes in the last year have been caught off-guard. Mortgage rates were at record lows of 3% or even less in some cases last year. Yet, a series of sudden increases have sent mortgage rates to 5.3% as of
New home buyers list multiple regrets, survey shows
April 27, 2022 by
Over two-thirds of new home buyers have revealed they have some kind of regret over the deal. Indeed, for 26% of survey respondents, their regret is so strong that they wished they’d bought an existing home instead, according to Clever Real Estate. Clever Real Estate surveyed 1,000 Americans who purchased a new-construction home or were