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BofA Report: 60% of Homeowners and Prospective Buyers Uncertain About the Housing Market - A Three-Year High
Uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report (PDF), released in coordination with Bank of America Institute's latest On the move analysis.
About this update from Bank Of America Corporation
[{"type":"text","content":"Despite Uncertainty, Prospective Buyers Are Cautiously Optimistic About Market Improvements","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"CHARLOTTE, N.C., May 28, 2025 /PRNewswire/ -- Uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report (PDF), released in coordination with Bank of America Institute's latest On the move analysis.","length":410,"tagName":"p"},{"type":"image","alt":"60% of homeowners and prospective homebuyers say they can’t tell whether it’s a good time to buy a home or not, compared to 57% in 2024 and 48% in 2023.","displaySize":"","headline":null,"caption":"60% of homeowners and prospective homebuyers say they can’t tell whether it’s a good time to buy a home or not, compared to 57% in 2024 and 48% in 2023.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":350,"url":"https://media.zenfs.com/en/prnewswire.com/0416ea667c15ebe9ddd39b9c61617ea7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QMNVS2CzbFxHdlTI8QOlGQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0416ea667c15ebe9ddd39b9c61617ea7","width":400,"height":350}},"href":"https://mma.prnewswire.com/media/2697878/Bank_of_America_Homebuying_Time_to_Buy_Graph.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Despite this, 52% of prospective homebuyers are optimistic about the state of the homebuying market, saying it's better now than it was a year ago. Three out of four (75%) expect home prices and interest rates to fall and are waiting until then to buy a new home, up from 62% in 2023.","length":288,"tagName":"p"},{"type":"text","content":""With so many factors impacting the homebuying market, prospective buyers and current homeowners are left wondering what it all means for them," says Matt Vernon, Head of Consumer Lending at Bank of America. "As our research shows, a majority of buyers feel the market is headed in the right direction, but many are still planning to wait for more favorable conditions before they decide to take action."","length":429,"tagName":"p"},{"type":"t...