About 44% of recent homebuyers say their overall happiness has improved since buying, but 23% agree that their financial situation has gotten worse since doing so, according to a survey of respondents who bought homes in recent years (2023-2025) by Clever.
The survey found that more buyers are prioritizing affordability than in years past, with 62% of buyers reporting that finding an affordable home was a priority (up from 48% in 2024). The median target price buyers wanted to purchase was $310,000, but 38% said they exceeded their initial budgets, and 37% believed they overpaid.
Although some recent buyers reported their financial situations worsening post-purchase, 87% said they were happy they purchased when they did, considering the expectation that home prices and interest rates will continue to rise.
Additionally, 53% said they were more satisfied with their living space, and 46% said their overall quality of life improved after buying a home. Also, 29% said their mental health improved after getting through the stress of renting and homebuying.
Still, homebuying was a bit more overwhelming for first-time buyers, who said that since purchasing their home, they’ve:
- Had to make major lifestyle changes (56%)
- Felt in over their head financially (51%)
- Felt buyer’s remorse (34%)
- Felt like they overpaid for their home (42%)
- Taken on additional debt to maintain their lifestyle (31%)
- Struggled to pay their mortgage on time (27%)
Across all recent buyers, 82% said they made compromises when purchasing. Top homebuying priorities included:
- Affordability (45% did not compromise, 17% did)
- Good neighborhood (59% did not compromise, 2% did)
- Desirable location (55% did not compromise, 3% did)
- Safety/low crime rate (48% did not compromise, 3% did)
- Garage/dedicated parking (40% did not compromise, 3% did)
The top homebuying regrets reported were finance-related:
- Interest rate too high (20%)
- Spent too much (13%)
- Home inspection missed problems (12%)
- Bought too quickly (11%)
- Home does not meet all needs (11%)
- Settled instead of waiting for a better choice (11%)
If they could do it all over again, they would most likely:
- Be more patient (20%)
- Save more money before buying (17%)
- Ask more questions (16%)
- Negotiate harder on price or terms (15%)
- Shop around for better interest rates (14%)
- Buy a different home (14%)
Lastly, although fewer homebuyers said buying was easier than they expected (24% in 2025 compared to 40% in 2024), many said having a good real estate agent helped make the process smoother and easier overall. The top three reasons homebuying was easier than expected were:
- They had a good real estate agent (45%)
- The closing process was smooth and on time (42%)
- They found a home quickly (37%)
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