Home owners have lost a combined $1.5 trillion in equity since May as property prices start to tumble - and as many as three quarters of those who bought during the pandemic now say they regret the decision. Prices surged by 45 percent in the pandemic, leaving buyers with regret as prices are now starting to plummet as the US beings to return to pre-pandemic numbers. Many first-time buyers have been left with homes they have to do up, as well as properties in a location that was not their first choice.Nearly three quarters of those who purchased homes in the pandemic are regretting their decisions, with many wishing they hadn't even put an offer in.
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