A for-sale sign is displayed near a home in Austin, Texas, on April 24, 2025. Brandon Bell/Getty ImagesDespite elevated mortgage rates and high home prices, the majority of Americans still favor buying a home rather than renting in the current housing environment, a new report from Bank of America said.BofA’s Homebuyer Insights Report, released on June 23, shows that 53 percent of survey respondents said buying a home is the preferred option versus renting or living with family members, the first time in three years of positive homebuying sentiment.
More Americans Prefer Buying Homes Over Renting for First Time Since 2023: Report
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