Sometimes shopping for a house means making quick decisions. That’s particularly true when the market’s hot and there’s a lot of competition between buyers. Under those conditions, buyers have to act fast. But acting fast leads to mistakes and mistakes lead to regret. That’s why buyers’ remorse rose during the pandemic-era housing market. Buyers were pushing their budgets, trying to outbid one another. But now that the market has slowed, so have the regrets. In fact, according to a new survey from the National Association of Realtor’s consumer website, the number of recent buyers who say they feel they overpaid for their home has been cut in half over the past two years. Laura Eddy, the website’s vice president of research and insights, says buyers are making more confident decisions. “As the market has shifted from a fast-paced sellers’ market to one that gives buyers more breathing room, we’re seeing buyer regret trend down,” Eddy said. “Today’s buyers are generally more qualified, taking extra time to weigh their options and make confident decisions – factors that are helping reduce second-guessing after purchase.” (source)
