US home buyers are most uncertain since 2023 as rates surge, BofA survey shows
NEW YORK (Reuters) -U.S. homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as rising mortgage rates deter buyers. Of the 2,000 respondents to BofA's poll, 60% said they could not tell whether it was a good time to buy a home, according to a report published by the nation's second-largest lender. Volatile interest rates and elevated home prices have fueled uncertainty, prompting consumers to slow house purchases during the spring season, when activity typically picks up, Matt Vernon, head of consumer lending at Bank of America, told Reuters.