A recent study conducted by Princeton Survey Research Associates International and released by BankRate, Inc. revealed that 90% of all homeowners don’t regret their housing purchase, even with the recent sliding prices. Among those that did regret their decision the most popular reasons were being unable to sell to move to a new location and being unable to comfortably afford the monthly payments. Another encouraging aspect of this survey was the revelation that all but 8% of homeowners surveyed knew what type of mortgage they had, in stark contrast two a similar poll two years ago where 26% of borrowers were unaware of their product type.
