US Housing Market Continues the Move into ‘Buy Territory’!

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 (15 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 13%, 11.4%, and 7.3% 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. 

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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16005 N 32nd Street Phoenix, AZ 85032

$17,000

1 Bed

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800 SqFt

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MLS # 6635032

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Seller Financing Available! This one bedroom, one bath is located within the 55+ age restricted community of Paradise Valley Ranch. Freshly painted, this home features central AC and heat, gas cooking and all appliances including W/D. It features two extended covered carports offering privacy and shade. Located at Paradise Valley Ranch 55+ Community operated by Treehouse Communities. Community amenities include, pool, spa, fitness, recreation center, outdoor dining and laundry. The lots are spacious and private.

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$17,000

2 Beds

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720 SqFt

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MLS # 6658266

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Welcome to a life of comfort and serenity in this charming 2-bedroom, 1-bath mobile home nestled within the heart of the La Casita Community in Mesa! This inviting mobile home is perfect for both practicality and relaxation. Boasting two cozy bedrooms and a well-appointed bathroom, it provides just the right amount of space for a comfortable and manageable lifestyle!

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9421 E Apache Trail Mesa, AZ 85207

$15,000

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672 SqFt

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MLS # 6662675

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Economical 1bed/1bath home located is 55+ Desert Valley Oasis. Spacious Living Room with Eat In Kitchen Counter space. Spacious Kitchen with plenty of cabinet space for dining. Gas Stove and Oven. Appliances Included. Many Updates Including NEW AC and ROOF 2020, New Flooring 2021, New Awning 2023. Large FENCED lot. Storage Shed includes Washer & Dryer. Easy Commute To Shopping, Entertainment, and Freeways. Seller Is Motivated!

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425 E Mckellips Road Mesa, AZ 85203

$15,000

2 Beds

1 Bath

784 SqFt

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MLS # 6668136

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Charming mobile home in an adult community. Well cared for and maintained home. Newer plumbing, metal roof with coating with lots of life left. Nice big deck with a car port and a storage shed out back. FENCED in back yard great for pets~!

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