Sonia Park

While high mortgage rates might seem like a barrier to buying or selling a home, a recent survey by Bank of America reveals a surprising level of enthusiasm among both buyers and sellers. Matt Vernon, head of the Consumer Lending Division for Bank of America, says their survey across all age groups found a strong willingness to participate in the real estate market despite the challenging financial landscape.

"We surveyed all age brackets and found a willingness to buy and sell even with higher mortgage rates," Vernon says. "The same sentiment can also be found with homeowners. More and more. . .