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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4558 Jackpot Road Wickenburg, AZ 85390

$464,950

2 Beds

2 Baths

1,702 SqFt

Status Active

MLS # 6669942

Property Type Single Family Residence

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Your new home awaits at the Wickenburg Ranch Golf & Social Club community. This perfectly designed Beacon plan provides the perfect 2-Bed, den/office and 2-Bath home. The home offers an open concept layout with upgrades throughout. Upgraded cabinet hardware, appliance package, quartz countertops, custom blinds, 4ft garage extension w/ professionally coated epoxy garage floor, whole house tile with ceramic upgrades in the Master suite. The full room 8 ft sliding glass doors open up to the patio with installed electric patio shades to enlarge the main room living space. Residents also have access to an abundance of amenities, including an outstanding 18-hole golf course, 9-hole par 3 course, fitness center, a resort swimming pool, and much more.

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177 Bahia Lane Litchfield Park, AZ 85340

$464,900

4 Beds

2 Baths

1,905 SqFt

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MLS # 6664255

Property Type Townhouse

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Introducing an exquisite 4-bedroom, 2-bathroom townhome with a pool nestled in the desirable Litchfield Park neighborhood! This stunning home has been meticulously upgraded with remodeled bathrooms, new kitchen counters, appliances, cabinets, and fresh paint throughout, exuding a modern and inviting atmosphere. Enjoy the convenience of community amenities including a pool, tennis courts, and a basketball court, perfect for active living. Additionally, being just a short walk from Litchfield Elementary School adds to the appeal for families. With shopping and dining options nearby, this home offers both luxury and convenience. Don't miss the chance to own this well maintained property that truly shows like a model - it won't stay on the market for long!

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23853 N 39th Lane Glendale, AZ 85310

$464,900

3 Beds

2.5 Baths

1,651 SqFt

Status Active

MLS # 6677840

Property Type Single Family Residence

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Beautiful 3-bed, 2.5-bath property in sought after Sunrise at North Canyon community. Home offers an open and inviting floorplan with soaring ceilings, openwork stair rails, tile flooring throughout the first floor and luxury vinyl plank throughout the second floor - no carpet! The cozy family room with fireplace and French doors to the back patio is warm and welcoming. The kitchen has plenty of cabinet space, convenient breakfast bar, dining area with a bay window and views of the spacious backyard. Head upstairs to find a sizable loft - ideal for home office or TV area, and three bedrooms. The primary suite has a walk-in closet, and en-suite bath with dual sinks. Oversized backyard includes a play area and a full-length covered patio with room to relax and/or entertain. And don't forget the 2-car garage with additional storage cabinets, extended driveway and RV gate. Located a short walk from Desert Sage Elementary school, half mile from Victory Lane and Hurricane Harbor water park, one mile from Beuf community park and easy access to shopping and highways. This home has it all!

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14589 W Desert Hills Drive Surprise, AZ 85379

$464,900

3 Beds

2 Baths

1,909 SqFt

Status Active

MLS # 6687656

Property Type Single Family Residence

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Welcome to Your Fully Furnished Dream Home in Copper Canyon Gated Community! Nestled in the heart of the highly sought-after Copper Canyon gated community, this stunning 3-bedroom, 2-bathroom home with a spacious den is an absolute gem. Boasting a modern and open floor plan, this residence is perfect for those who appreciate both elegance and comfort. As you step inside, you'll be greeted by the warmth of exquisite dark hardwood floors. The inviting living space features an open concept design, with a large breakfast bar overlooking the family room, making it ideal for entertaining guests or enjoying quality family time. Step outside, and you'll discover your own private oasis. The extended patios offer the perfect spot to unwind and soak in the sun. sun, while the sparkling pebble-tec play pool with a soothing water feature provides endless hours of enjoyment and relaxation. For those with a passion for vehicles or outdoor toys, the extended 2-car garage comes complete with epoxy floors, ensuring a pristine space for your vehicles. Additionally, the property features an additional RV gate with extended slab parking, offering ample space for all your parking needs.

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