BofA Report: 70% of Prospective Homebuyers Feel Renting Could be Detrimental to their Financial Future
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More boomers favor renting, with little interest in buying a home

CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they're not making a long-term investment in their future, and 72% who worry that rent increases could affect their current and long-term finances, according to a new Bank of America Homebuyer Insights Report (HBIR), conducted in partnership with Bank of America Institute.

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