Americans are warming up to homebuying for the first time in 3 years
Key takeaways
- Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024.
- The finding underscores how perceptions of homeownership are changing as housing becomes slightly more affordable.
- As of May, the median home in the US was listed for $429,500, according to Realtor.com.
Americans are warming up to homebuying for the first time in 3 years Claire Boston · Senior Reporter Tue, June 23, 2026 at 11:11 PM GMT+7 2 min read For the first time since 2023, most Americans think it s a better idea to buy a home than rent or move in with relatives.
Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024. Other measures of attitudes toward homeownership, such as the percentage of respondents who say a home is a valuable investment and provides stability, also improved.
The finding underscores how perceptions of homeownership are changing as housing becomes slightly more affordable. While it s still far more difficult to afford a home now than it was pre-pandemic, home price appreciation in much of the country has dropped below inflation and wage growth, and mortgage rates are slightly lower now than during the past three summers.