The inaugural Bank of America Homebuyer Insights Report explores the attitudes, behaviors and preferences of the modern homebuyer. Based on a national survey of more than 1,000 adults 18+ who want to buy a home in the future, the report reveals what homebuyers want in a home, their catalysts for making the home purchase and the unique preferences of first-time and millennial buyers, defined as those between ages 18 and 34.
The survey also explores how various factors impact housing decisions for parents. For a majority of parents, their child’s education is an important part of the search for a new home. Of those, more than half will even buy a new home in a specific neighborhood to get their child into a better school. Explore more in the latest Bank of America Homebuyer Insights Report Infographic: Moving with Purpose.
of first-time buyers would prefer to bypass the starter home and purchase a place that will meet their future needs
of millennial first-time buyers expect some type of help from their parents when buying a home
of first-time buyers are inspired to buy for emotional reasons
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If you prefer that we do not use this information, you may opt out of online behavioral advertising. If you opt out, though, you may still receive generic advertising. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.
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