More Americans say it’s better to buy than rent, Bank of America study finds

A majority of Americans now prefer buying a home over renting, with 53% favoring homeownership despite affordability challenges. Most view homes as valuable investments and sources of stability. High prices and interest rates remain obstacles, but fewer are delaying purchases. Over half of current homeowners plan to buy again, and AI tools are increasingly used in the homebuying process. Younger buyers often use alternative strategies like multiple jobs or co-buying.

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