More and more millennials regret buying their first home

Buyer's remorse is real.

Just ask millennial homeowners, the majority of whom regret buying their first home. So finds a new survey by the real-estate education platform Clever Real Estate that polled 1,000 people about their homebuying plans. Of the respondents who already owned a home, 82% had at least one significant regret about their home purchase. 

One in four millennials said their home value decreased while the same amount said their mortgage was expensive. 

Since buyers often had to shell out more than the asking price to outdo competition, many now realize they overpaid. The survey found that one in six millennials would offer at least $100,000 above asking price for their dream home. Almost half of millennials anticipate maxing out their budgets to buy a home, with one-third planning to spend more than the median US home price of $405,000 at the time of the survey in November.