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Tight Markets Causing More Buyer’s Remorse?

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A shortage of homes for sale and tough competition from other prospects may be prompting more buyers to suffer from remorse post-purchase, according to the latest ValueInsured Modern Homebuyer Survey.

Sixty-two percent of Americans believe people who buy a home now will have remorse about the purchase within a year due to the cost, according to the survey.

Home payments in some areas are swallowing up 45 percent of local median income. In those areas, “expectation of buyer’s remorse is high.”

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