• Bank of America’s 2026 Homebuyer Insights Report shows 53% of consumers now favor buying over renting, the first majority since 2023.
• Affordability pressures intensified, with 58% citing high home prices as the top barrier, 47% pointing to high interest rates.
• Purchase intent improved as 71% of prospective buyers wait for rates and prices to fall, down from 75% in 2025.
• Homeowner demand strengthened, with 52% expecting to buy another home; 22% plan to buy within a year, up from 15%.
• AI entered the homebuying workflow, with 20% using tools for affordability estimates, process research, or neighborhood and pricing analysis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bank of America Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606230900PR_NEWS_USPR_____NY89661) on June 23, 2026, and is solely responsible for the information contained therein.