US Housing Market Shows Real Estate Investments are Sound

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s housing market, is it better to rent or buy a home?

The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” 

While most of the metropolitan markets examined moved further into buy territory (16 of the 23), markets like Dallas, Denver, and Houston are currently deep into rent territory. In these three markets, it is estimated that renting will top homeownership 7 out of 10 times.

Due to a lack of inventory, the home prices in the Dallas, Denver, and Houston areas have increased by 11.6%, 8.3%, and 6.6% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the best option, therefore bringing home affordability back as well.

Bottom Line

The majority of the country is strongly in buy territory. Buying a home makes sense socially and financially, as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a mortgage payment now.  Give me a call to get started on your path to home ownership – J.P. Cook – 602-320-4253.

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.

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24460 N Plum Road Florence, AZ 85132

$464,900

4 Beds

2.5 Baths

3,032 SqFt

Status Active

MLS # 6665208

Property Type Single Family Residence

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JUST FAIL FROM ESCROW ON 3/16/24 SO IF YOU ARE LOOKING FOR A BIG HOUSE, WITH LOTS OF SPACE, AND A WHOLE LOT LESS IN PRICE THAN MOST 3000 SQUARE FOOT 2 STORY HOMES, THEN LOOK NO FURTHER. SELLER WILL HELP WITH FEES AND MAY CONSIDER A LEASE PURCHASE WITH 5% DOWN. OPEN FLOOR PLAN WITH 4 BEDROOMS AND 2.5 BATHS, WITH LARGE TANDEM 3 CAR GARAGE, LARGE COVERED PATIO AND BIG PLAY POOL.

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11566 W Apache Street Avondale, AZ 85323

$464,900

4 Beds

3 Baths

2,790 SqFt

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MLS # 6683149

Property Type Single Family Residence

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Great Location, Unlimited Potential! This two-story home is located in a desirable area, boasting ample living space. This great family home provides comfortable accommodations for all. Upon entering, you are greeted by a welcoming foyer that flows seamlessly into the main living area, ideal for entertaining guests or relaxing with family. The well-appointed kitchen has plenty of cabinet space for storage. Upstairs, the loft space is perfect for any need. The master suite has dual sinks and a large separate bathtub and shower combo. The backyard has a large sparkling pool, with an RV Gate and space to park your toys. This house just needs some of your personal touches. *Home is being sold ''as is''

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17596 W Columbine Drive Surprise, AZ 85388

$464,900

4 Beds

3 Baths

2,761 SqFt

Status Active

MLS # 6673047

Property Type Single Family Residence

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Step into your spacious sanctuary! A grand foyer leads to a formal living/dining room with vaulted ceilings. The open kitchen seamlessly connects to the family room. Downstairs hosts one guest bedroom and bathroom, while upstairs offers 3 bedrooms and a loft. The main bedroom boasts an ensuite bathroom with double sink vanity, separate shower/tub, and walk-in closet. North/South exposure, with a backyard perfect for a pool. Conveniently situated near schools, shopping, and parks.

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1620 N San Marcos De Niza Drive Sierra Vista, AZ 85635

$464,900

3 Beds

2 Baths

2,048 SqFt

Status Active

MLS # 6677482

Property Type Single Family Residence

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Clear Mountain views! Three bedroom, two bathroom split, floor plan,granite countertops,updated master bathroom with large walk-in closet, private backyard with hot tub and two 300 gal tank rain water harvesting, on over an acre, RV gate and FULL RV Hook Up, two car garage, two Storage sheds one has AC, lots of cabinet space, Owned solar, Voluntary HOA, and ample Distance from neighbors, ideally situated on 1.6 acres, 2048 sq. ft. only $464,900,000. See Today, Offer Today, LOVE Living soon!

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