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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20093 W Montecito Avenue Litchfield Park, AZ 85340
$489,995
4
Beds
3
Baths
2,200
SqFt
Status
Active
MLS #
6651677
Property Type
Single Family Residence
Price Type
--
Discover this attractive Alden home, ready for quick move-in! Included features: a spacious great room; a dining nook with multi-slide doors overlooking a wide covered patio; an impressive kitchen boasting 42'' cabinets, a center island, a walk-in pantry and stainless-steel appliances. a luxurious primary suite showcasing a private bath with double sinks and an oversized walk-in closet; and a fourth bedroom and third bath. You'll also appreciate 12'' x 24'' stone tile flooring, added windows, cultured marble bathroom countertops, front yard landscaping and a concrete-paver driveway and walkway.
4016 N 152nd Drive Goodyear, AZ 85395
$489,995
3
Beds
2
Baths
1,829
SqFt
Status
Active
MLS #
6693331
Property Type
Single Family Residence
Price Type
--
Welcome home to this amazing 3 bedroom split floorplan. As you enter you will be greeted with your open kitchen & family room with vaulted ceilings. Kitchen has been fully updated with white shaker cabinets w/ soft close, granite counter tops with waterfall edge, stainless steel appliances & matte gold hardware. Living room boasts cozy fireplace with decorative feature wall. LVP flooring throughout home. Bathrooms tastefully updated with modern tile, cabinetry & fixtures. Lush backyard with large covered patio perfect for entertaining or just relaxing. All lighting has been updated. 2 car garage w/ attached cabinets. Come enjoy the Pebblecreek lifestyle!
18186 W Amber Ridge Way Goodyear, AZ 85338
$489,995
4
Beds
3
Baths
1,991
SqFt
Status
Active
MLS #
6590508
Property Type
Single Family Residence
Price Type
--
Versatile single-level home design with designer upgrades throughout. The open kitchen, casual dining area, and great room flow seamlessly to a large covered patio, ideal for indoor-outdoor living. The serene primary bedroom suite showcases a luxe bathroom with a dual-sink vanity, walk-in shower, and large walk-in closet. The secondary bedrooms feature roomy closets and access to two shared hall baths, one with separate dual-sink vanity area.
32166 N Buckaroo Road San Tan Valley, AZ 85140
$489,990
3
Beds
2.5
Baths
2,507
SqFt
Status
Active
MLS #
6693627
Property Type
Single Family Residence
Price Type
--
Introducing Topaz floor plan. This single-story haven boasts a perfect fusion of modern charm and functional design. This home spans a comfortable and efficient layout across 2507 square feet.Nestled in the city of San Tan Valley, the exterior exudes curb appeal with its spanish facade and desert landscaped front yard. Step through the front door into a welcoming foyer, where the seamless flow of the open-concept design invites you further into the heart of the home, showcasing the 8' doors.The heart of the home, the kitchen, is adorned with quartz countertops, stainless steel appliances, separate dining and a convenient center island.The owner suite includes a well-appointed bathroom, and ample closet space. Two additional bedrooms provide comfort and convenience for family members or or guests. The den, a versatile space serves as the perfect home office, library, or cozy retreat for relaxation. 4 panel sliding glass doors open to the backyard where outdoor living comes to life. Whether hosting barbecues, gardening, or simply enjoying a quiet evening under the stars, the backyard offers a private escape. Embrace the ease of single-story living in this thoughtfully designed residence, where every detail has been carefully considered for the ultimate in modern lifestyle.
2857 W Monte Way Laveen, AZ 85339
$489,990
5
Beds
3
Baths
2,373
SqFt
Status
Active
MLS #
6642248
Property Type
Single Family Residence
Price Type
--
This two-story home features an 8-ft. entry door and 9-ft. first floor ceilings. The open concept floor plan includes a spacious great room with access to an extended covered back patio. The kitchen boasts granite counters, an expansive center island, and 42-in. upper cabinets for added storage space. You'll also find porcelain tile flooring and a bedroom with full bath on the first level. Moving upstairs, the bedrooms and common areas feature plush carpeting, with porcelain tile flooring in the laundry and baths. The spacious laundry room also includes granite countertops, a deep-set sink, and linen closet. sq./ft. lot with a generous side yard and spectacular views of South Mountain.
10227 S 55th Drive Laveen, AZ 85339
$489,990
4
Beds
3
Baths
2,150
SqFt
Status
Active
MLS #
6679381
Property Type
Single Family Residence
Price Type
--
Come see this great single-story home that provides so much! With 4 bedrooms plus a den, 3 full baths, and a 3 car garage this layout is ideal. The outside of the home is a modern desert exterior that provides a nice contemporary curb appeal upon walking through the front door. The primary bedroom sits in the back of the home, so it provides nice privacy in an otherwise open concept home. The kitchen has a large island that overlooks into the dining and living area making it great for hosting and entertaining. This home offers beautiful white shaker style cabinets in the kitchen and bathrooms. A clean gray quartz kitchen countertop in the kitchen, and guess what there's more! Right now, Ashton Woods is pleased to include ALL APPLIANCES in this home.
16854 W Cortaro Point Drive Surprise, AZ 85387
$489,990
2
Beds
2
Baths
2,149
SqFt
Status
Active
MLS #
6659969
Property Type
Single Family Residence
Price Type
--
Spacious Verano model... Priced to sell. 2 bedrooms and a den. Large entertaining space through out. Large extended covered patio. Close to the pool, work out facility and outdoor sports like Golf and Pickle Ball courts. Electric cook top but also plumbed for gas underneath cook top. All appliances included, including an extra laundry room refrigerator.
40990 W Agave Road Maricopa, AZ 85138
$489,990
4
Beds
2.5
Baths
2,142
SqFt
Status
Active
MLS #
6692805
Property Type
Single Family Residence
Price Type
--
READY FOR MOVE-IN!!! It's the stunning Castellano with 4 bedrooms + flex space for den, craft room or as you wish . 2.5 baths and 3 car tandem garage. Yes, this home has a large multi slide door that leads out to the covered patio. Stainless steel gas appliance package. Benton white painted kitchen cabinets with 42'' uppers and roll outs at pantry. DT One Quartz countertops in kitchen and at the large kitchen island. 8' interior doors throughout. Upgrade flooring includes MZ Norwood Oak 6x24 tile in all areas of the home except bedrooms/closets. 5'' baseboards and 3 1/4'' door casings. Owner's bath has 6x18 tile surrounds at shower. Prewire for pendant lights, additional recessed can lights and ceiling fan prewires. 8' garage door, garage service door and so much more.
1190 W Seagull Drive Chandler, AZ 85286
Open House
$489,990
3
Beds
2
Baths
1,237
SqFt
Status
Active
MLS #
6668868
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in Chandler! This immaculate 3-bedroom, 2-bathroom single-story residence is a true gem, featuring a spacious open floor plan with vaulted ceilings, neutral gray-toned paint, and stunning luxury vinyl plank (LVP) floors throughout. The kitchen is a chef's delight, boasting beautiful white shaker cabinets, solid stone counters, a large island for culinary endeavors, upgraded fixtures, and stainless steel appliances that add a touch of modern elegance. The primary bedroom exudes luxury with its vaulted ceilings, LVP floors, and an en suite that features shaker cabinets, a stand-in shower, and a walk-in closet. The thoughtful design creates a serene and comfortable retreat. Step into the backyard oasis, where you'll find a large covered patio, artificial turf for easy maintenance, and desert landscaping that enhances the overall appeal. This home is not just a residence; it's an invitation to a lifestyle of comfort, style, and modern living. With its thoughtful updates and prime location in Chandler!
31015 N 251st Avenue Wittmann, AZ 85361
$489,900
4
Beds
2
Baths
1,750
SqFt
Status
Active
MLS #
6671042
Property Type
Single Family Residence
Price Type
--
Welcome to your stunning newly built home on 1 acre ranch with beautiful surrounding mountain views! New homes built near the home and throughout Wittmann. Enter the home into a sizeable grand room with dining area and kitchen. Wood plank-like tiling throughout the home with ceiling fans in the great room and all bedrooms. Kitchen has granite on large island and countertops, SS microwave and oven/stove. Large primary bedroom and ensuite bathroom with double sinks w/ granite, tiled shower, toilet room, and linen closet. Walk in closet with shelving. Guest bath also has double sinks w/ granite and a tiled shower/tub. Ample size additional 3 bedrooms complete the interior. Covered patio and land provides ample space for your horses, toys, sheds, etc. No HOA! Welcome home & to ranch living!
3014 N 24th Place Phoenix, AZ 85016
$489,900
2
Beds
2
Baths
1,176
SqFt
Status
Active
MLS #
6680211
Property Type
Single Family Residence
Price Type
--
Meticulously maintained property w/pride of ownership, craftsmanship preservation, restorative detail, selective improvements & original/unique design around every corner, nook & cranny! Untouched red brick exterior w/glass block, upgraded medium profile concrete tile roof w/spray foam insulation. Picture window in spacious kitchen w/quartz countertops, tile backsplash, new 50/50 stainless steel sink w/new faucet, copper pipe upgrade 2014, tile showers, ceiling fans & unique corner window in guest bedroom, original shaker style doors, unique storage & cabinet spaces. Wood burning stacked stone fireplace w/mantel light. Oversize lot w/large patio/outdoor entertaining space, enclosed carport w/enclosed garage/flex space/workshop/art studio w/unique alcove pass through space & private entry!
6885 S Elmer Loop -- Hereford, AZ 85615
$489,900
4
Beds
2
Baths
2,100
SqFt
Status
Active
MLS #
6681500
Property Type
Single Family Residence
Price Type
--
Just completed is this beautiful newly constructed Home with 4 bedrooms plus a den & provides ample space for all your needs & desires. Step inside & be greeted by stunning matte black windows that perfectly frame the views. The open floor plan, lovely wood tile flooring seamlessly blends modern aesthetics with warmth & comfort, creating an inviting atmosphere throughout. The heart of this home is the beautiful kitchen, adorned with lovely granite countertops, complemented with the pretty cabinetry for all your culinary essentials. Retreat to your luxurious primary suite where relaxation becomes effortless in the en-suite bathroom complete with beautiful finishes & a spa-like ambiance. Gather with friends and family or simply unwind on lazy afternoons in your spacious backyard - providing an open slate for your landscape design and garden. Stop in to discover this wonderful Home in a smaller charming neighborhood offering paved roads and a bike ride away from some wonderful local eateries, trailheads and fun day, destinations.