U.S.: Uncertainty Reaches Highest Level in Three Years Among Current Homeowners and Prospective Buyers

BofA Report on the Housing Market

Date:

CC-BY-SA-2.0, Flickr

Author: Funds Society, Miami

60% said they cannot determine whether now is a good time to buy a home, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report

Despite this, 52% of prospective buyers are optimistic about the current state of the housing market, stating it is better now than it was a year ago

75% expect home prices and interest rates to drop, and are waiting for that moment to buy a new home—up from 62% in 2023