Buyers Who Got Squeezed Out Of The 2021 Real Estate Market Are Looking To 2022 For Calmer Seas

2021 was a record year with average home prices increasing nearly 20%. Homes were flying off the market with multiple offers, no inspections and buyers paying over asking. But that frenzy has made many weary and many more suffering with buyer’s remorse.

According to a Bankrate survey, 64% of Millenials, which drove much of the housing market in 2021, say they regret in some form or another their home purchase. Many said they thought they paid too much or didn’t get the best mortgage rate they could have. They also said the cost of homeownership was more than they expected. Slowing down would have helped.

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