New Survey Reveals Depth of Homeowner Pessimism

Jul 21, 2017

While the House of Representatives and the Senate seek to combine their respective tax reform bills into a single piece of legislation, the Data and Analytics Division of Black Knight Inc. has voiced concern that the standard deduction, mortgage interest

A stain of pessimism is polluting how some homeowners perceive the housing market and their homebuying decisions, according to a new poll commissioned by Trulia.

In a survey of 2,264 adults conducted by Harris Poll, 21 percent of respondents said a housing purchase mistake they made in the past is now holding them back from changing their current housing situation. Among the respondents involved in the purchase of their current residence, 33 percent regretted not buying a larger property.

Furthermore, 62 percent of respondents believed housing costs have become less affordable since 2012. Among respondents with an annual income of $100,000 or higher, 26 percent stated they could not afford to buy a home in today’s market; among those earning $50,000 per year or less, the regret level was at 40 percent. Twelve percent of high-income homeowners were also more likely to regret not putting more money down on a house, compared to four percent of those with an annual household income of less than $50,000.

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Phil Hall

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Jul 21, 2017

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