For experienced buyers in the Charlotte metro area, their current home may be their forever home, according to the second annual Bank of America Homebuyer Insights Report. Seventy-nine percent of local homeowners say they could stay in their current home for the rest of their lives, higher than any of 10 markets surveyed. As such, these experienced buyers show clear sentimental ties to their property: nearly all are proud of owning their home (94 percent) and treasure the memories they have more...

When thinking about homeownership, experienced buyers in the Dallas-Fort Worth metro area overwhelmingly see its positive long-term impacts, according to the second annual Bank of America Homebuyer Insights Report. Compared to the national average (84 percent) and 10 markets surveyed, Dallas homeowners (90 percent) were most likely to say homeownership will have a positive impact on their long-term financial picture.

Many aspiring buyers in the Houston metro area are looking to become solo homeowners, according to the second annual Bank of America Homebuyer Insights Report. Forty percent plan to buy their first home by themselves instead of with family or a spouse, which is more than those nationally (27 percent) and any of the 10 local markets surveyed.

While they prepare for their first home purchase, many prospective buyers in the New York metro area are living with mom and dad, according to the second annual Bank of America Homebuyer Insights Report. One-third of aspiring buyers currently live with their parents, more than any of the 10 markets surveyed. Despite this, when thinking ahead to their first home, having the financial means (53 percent) outweighs wanting a place to call their own (38 percent) as their top influence to purchase. more...

For St. Louis-area homeowners, family plays a major role in the homebuying decision, according to the second annual Bank of America Homebuyer Insights Report. Compared to the national average (35 percent) and all other markets surveyed, St. Louis homeowners (51 percent) purchased their first home for familial reasons, including marriage and children. Additionally, 59 percent of experienced buyers in St. Louis associate homeownership as family, higher than any of the 10 local markets surveyed. more...

Bank of America, in partnership with Self-Help Ventures Fund and Freddie Mac (OTCQB: FMCC), announced the doubling of its annual commitment to its Affordable Loan Solution™ mortgage program from $500 million to $1 billion, ensuring continued support for an innovative mortgage program that has provided more than 90 percent of its recipients first-time homeownership financing.

Retired U.S. Army Sergeant and medic Seth Musikant received keys to a renovated mortgage-free home in this Rochester suburb today, becoming the latest recipient of a home donated by Bank of America through the Military Warriors Support Foundation (MWSF).

Bank of America announced today that it has begun an initiative to enhance the accessibility of its online mortgage documents for visually impaired customers. The bank worked with Jessie Lorenz, a visually impaired customer, on the project.

Bank of America will continue to use Web Content Accessibility Guidelines (WCAG) 2.0 Level AA as the standard for ensuring that the content, features and services of its web pages and documents for mortgage holders are accessible to all site users, including more...

As peak homebuying season begins, 47 percent of first-time homebuyers in the Boston metro area think money spent on rent would be better spent toward a mortgage, according to the inaugural Bank of America Homebuyer Insights Report, released today. However, first-time Boston buyers have not purchased a home yet because they are waiting for a life stage event (27 percent), such as marriage or having children. This is higher than the national average of 16 percent, and more than any other market more...

As peak homebuying season begins, buyers in Dallas-Fort Worth are confident in their ability to purchase a home they want, according to the inaugural Bank of America Homebuyer Insights Report, released today. Nearly two-thirds of Dallas buyers say they have decided to purchase a home for financial reasons, such as holding a steady job with a steady income and having saved enough money. Additionally, more buyers in Dallas (88 percent) will be shopping for a single-family home than in any other more...

As peak homebuying season begins, 43 percent of first-time buyers in the Los Angeles metro area are planning to purchase a home by themselves, according to the inaugural Bank of America Homebuyer Insights Report, released today. This is higher than the national average of 30 percent, and more than any other local market surveyed. This means that fewer buyers in the Los Angeles area are planning to buy their first home with a spouse or partner than those nationally (42 percent vs. 58 percent). more...

As peak homebuying season begins, more San Francisco Bay Area first-time buyers are motivated by emotional factors (76 percent) than financial factors (66 percent) when making the decision to buy a home, according to the inaugural Bank of America Homebuyer Insights Report, released today. Specifically, 51 percent say they want a place to call their own, 49 percent cite owning a home as something they have always wanted to do, and 27 percent want a place to put roots down. more...