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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16520 W Flora Lane Surprise, AZ 85387

$460,000

2 Beds

2 Baths

1,930 SqFt

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2220 N Magdelena Place Casa Grande, AZ 85122

$460,000

7 Beds

4 Baths

4,236 SqFt

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12806 W Clarendon Avenue Avondale, AZ 85392

$460,000

3 Beds

2 Baths

2,037 SqFt

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MLS # 6679463

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**SELLER OFFERING $10,000 IN CONCESSIONS** Welcome to your dream home nestled just minutes from the freeway. Step into the spacious great room, perfect for entertainment. Boasting a freshly painted interior, this home exudes a sense of warmth and modern elegance. The three-car garage provides ample space for your vehicles and storage needs, ensuring both convenience and functionality. Escape to the backyard oasis, featuring lush synthetic grass and a luxurious in ground hot tub, where you can relax and soak away the stresses of the day. Conveniently located just minutes from the freeway, this property offers easy access to nearby amenities, shopping, dining, and entertainment options.

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2813 Hidden Creek Circle Happy Jack, AZ 86024

$460,000

2 Beds

2 Baths

1,252 SqFt

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MLS # 6688152

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Escape to the pines in this charming property located in the Starlight Pines Community. This home was built in 2021 and ready for its new owner! As you enter the home you will see a bright and open living room, kitchen, and dining area. The kitchen has beautiful white cabinets with an island and stainless appliances. The home has neutral paint, upgraded lighting and fixtures, laminate flooring and granite countertops throughout. The inside laundry room is oversized and includes a sink with cabinets. As you enter the Primary bedroom suite you will see a separate sliding door to the back patio. The Primary bathroom has dual sinks, a walk-in tub, a linen closet, and also a walk-in closet. Don't forget about the relaxing covered patio overlooking into nature and wildlife at its best.

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