US Housing Market Shows Real Estate Investments are Sound

US Housing Market Is Moving into 'Buy Territory'! | Simplifying The Market

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.

What’s Your Home Worth?

Search for Your New Home

10246 E Prairie Hawk Lane San Tan Valley, AZ 85143

$450,000 - 3Br/2Ba -  for Sale in S8 T3s R9e, San Tan Valley
New
$450,000
3 Beds
2 Baths
1,344 SqFt
Status Active
MLS # 6682979
Property Type Manufactured Home
Price Type --
Experience the ultimate in rural living with this charming 3-bedroom, 2-bathroom manufactured home nestled on a sprawling 1.25 acres of land, free from the constraints of HOA regulations. This property offers the perfect blend of tranquility and convenience, with a shared well providing ample water access and electricity readily available. As the surrounding area undergoes rapid development and growth, this property stands as an excellent investment opportunity, offering the chance to capitalize on the burgeoning market while enjoying the peacefulness of rural life. With a reasonable price tag and endless potential, this home represents not just a place to live, but a smart investment in your future. Don't miss out on the chance to make this idyllic rural retreat your own!

18024 N Somerset Drive Surprise, AZ 85374

$450,000
2 Beds
2 Baths
1,834 SqFt
Status Active
MLS # 6676600
Property Type Single Family Residence
Price Type --
Paid for solar means electricity bills under $40 a month! Exquisite 2-bedroom, Plus Den, 2-bathroom gem. Palo Verde Model. Step into a world of harmonious living with its seamless open layout that effortlessly connects the kitchen and great room, ideal for both dining and entertaining. Indulge in chef's kitchen with granite counters and stainless steel appliances, perfect for culinary adventures. Plus, enjoy the added benefits of an extended garage for your golf cart & tons of garage storage. Step outside for the tranquility of mature citrus trees, providing an outdoor oasis. Split bedroom floor plan. With paid-for solar, annual electricity bill of just $237, a recently redone roof, and new AC system still under warranty for peace of mind!

778 E Rojo Way Gilbert, AZ 85297

$450,000
3 Beds
2.5 Baths
1,422 SqFt
Status Active
MLS # 6676968
Property Type Townhouse
Price Type --
Welcome to this charming property with a natural color palette that creates a warm and inviting atmosphere throughout. The kitchen boasts a center island, a nice backsplash, and plenty of storage space for all your cooking needs. The master bedroom features a walk-in closet for added convenience. Additional rooms offer flexible living space to suit your lifestyle. The primary bathroom includes double sinks and good under sink storage for optimal organization. Don't miss out on this opportunity to make this house your home!

2852 W Mclellan Boulevard Phoenix, AZ 85017

$450,000
3 Beds
2 Baths
1,345 SqFt
Status Active
MLS # 6680671
Property Type Single Family Residence
Price Type --
A minimalist dream! This home emanates with so much urban grace, luxury and style! From the moment you step into hm from lg outer courtyard entrance, you will be captivated by every detail owner has painstakingly taken. New EVERYTHING! You will love the crisp, soothing color palette from ceramic tile planks, two-tone paint, new upgraded mod lighting, ceiling fans & contrasting black hardware t/out entire home. Entertaining is an absolute delight in this huge great room w/gorgeous kitchen boasting all new white cabinets, w/pull out drawers, w/in pantry w/frosted door, & upgraded SS appliances! And it just gets better... french doors lead you into this true sanctuary that is the primary bedroom w/yes! a huge soaking free standing tub! Entire bath renovation included re-plumbing to accommodate new tub and new modern dual sinks. Don't miss the luxury lighting (even in water closet!) & exhaust fan w/bluetooth and uber cool color night lights. Walk in shower was also gutted for new shower faucet and valve system, new tile and niche. Secondary bedrooms are large and have upgrades and features of their own. And yet, there's still more... wander into your own backyard wonderland! Extended covered patio is the entire width of the home with ceiling fans and lighting. North facing backyard provides cool shade for hot summer nights so you can enjoy this extended living space all year round! Magnificent ebb and flow throughout every square foot of this property! Owner spared no expense to bring this home to an unparalleled level of luxury. Located in a private enclave that is centrally located near freeways and GCU, this home would be perfect for a short term rental, traveling nurses... the possibilities are endless. Check the stats, home sales in this community are rare (last sale was March 2022). Owners love it and stay! You'll be hard pressed to find something this fab near uptown at this price! Don't let this gem pass you by!

Leave a Reply

Your email address will not be published.