US consumers favor homebuying over renting for first time since 2023, BofA study shows
For the first time since 2023, US consumers are showing a preference for homebuying over renting, according to a Bank of America study.
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The brief
A new report from the Bank of America Institute indicates that American consumers now favor buying homes over renting. This shift marks the first time this preference has returned since 2023.
Coverage from Reuters, Yahoo Finance, and Forbes emphasizes this warming trend toward homeownership. Conversely, KOMO reports that high costs continue to push some Americans toward renting instead of buying.
Future developments depend on the findings detailed in the 2026 Bank of America Homebuyer Insights Report.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 1d ago.
Quick answers
When was the last time US consumers favored buying over renting?
According to the Bank of America study, this preference has not been seen since 2023.
Which organization conducted the study?
The research was conducted by the Bank of America Institute.
Are all reports indicating a shift toward buying?
While several outlets report a preference for buying, KOMO notes that high costs are pushing more Americans to rent.
Coverage (5)
- 2026 Bank of America Homebuyer Insights Report Bank of America Institute · 2d ago
- More Americans Now Favor Buying Over Renting Forbes · 2d ago
- High costs push more Americans to rent instead of buy KOMO · 2d ago
- Americans are warming up to homebuying for the first time in 3 years Yahoo Finance · 2d ago
- US consumers favor homebuying over renting for first time since 2023, BofA study shows Reuters · 2d ago
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