Majority of US consumers now favour buying a home over renting

A majority of US consumers now say they would prefer to buy a home rather than rent or move in with family, the ​first time since 2023 that sentiment has favored homeownership, according to ‌Bank of America’s latest homebuyer insights report.

The findings point to improving sentiment toward homeownership, even as elevated mortgage rates, high home prices and limited housing supply continue ​to weigh on the market....