In the aftermath of the COVID-19 pandemic, home-buying behaviors have drastically changed, particularly among younger generations. Many, especially Gen-Z and Millennials, report feeling buyer's remorse, with a recent Opendoor report revealing that 94% of Gen-Z and 86% of Millennials regret their pandemic-era purchases. The shift towards remote work raised expectations for suburban living, but as companies require office presence, many are facing dissatisfaction with their new homes. High maintenance costs and inflation further compound the regret, leading to 91% of these homeowners intending to sell their properties.
Remote work seemed to be the new norm during the pandemic, and many opted for suburban homes, only to find their companies shifting back to office environments.
A significant number of younger homeowners report feeling remorse about their pandemic purchases, citing high maintenance costs and inflation as major factors.
91 percent of Gen-Z and Millennials plan to sell their homes acquired during the past five years, indicating a strong desire to rectify their pandemic-era decisions.
Financial pressures and changing workplace dynamics have resulted in a realization for many that their pandemic-era home buying decisions may not have been optimal.
Collection
[
|
...
]