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

US Housing Market Continues the Move 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 (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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25&55 Cibola Drive Sedona, AZ 86336

$6,999,888
6 Beds
7 Baths
8,988 SqFt
Status Active
MLS # 6751848
Property Type Single Family Residence
Price Type --
Welcome to ''La Aguilera'' -the epitome of luxury, perched high in the prestigious Cibola Hills of Uptown Sedona. This estate borders the National Forest and commands jaw-dropping, panoramic views of Sedona's awe-inspiring red rocks. Two exceptional homes, offered together, encompass approximately 9,000 square feet of serene, private living spaces, designed for the discerning buyer who values both elegance and comfort. With amenities like a sparkling pool, a sophisticated Wine Spectator Featured wine cellar, an elevator, and multiple decks and patios, ''La Aguilera'' offers a lifestyle that embraces the natural beauty of Sedona year-round. 25 Cibola: This 5,411-square-foot residence is an entertainer's dream, offering breathtaking red rock views to the North and the Mogollon Rim to the E The grand atrium's artistic double entry doors set the tone for a home that blends rustic Southwest charm with modern luxury. The lower level features a guest ensuite bedroom, a spacious gym or guest suite with a wet bar and fridge, and access to the convertible indoor/outdoor pool. Upstairs, the light-filled Great Room boasts pitched wood ceilings with exposed trusses, wood floors, a desert-toned brick fireplace, and an office nook. The guest bath offers convenient access to the pool, while the HUGE East viewing deck is the perfect spot for afternoon cocktails. The Primary Bedroom, with its granite dual vanities, tiled waterfall walk-in shower, and jetted tub, is a retreat in every sense of the word. The chef's kitchen is a culinary masterpiece, featuring granite counters, custom wood cabinets, stainless steel KitchenAid appliances, a breakfast bar, and a large walk-in pantry with additional prep space. Host grand gatherings in the massive 1,575-square-foot Party Room, complete with 12-foot ceilings, built-in speakers, a professional bar, and a stone fireplace. Whether it's casual dining, playing the Grand Piano, or a game of pool, this space accommodates it all with style. When the weather turns, move the party indoors to the HUGE indoor commercial grill, or relax in the intimate private patio. The convertible indoor/outdoor pool is a highlight of this home, featuring a mesmerizing mosaic tile and pebbled lighted water wall. The elevated spa offers a soothing escape, while the pool itself provides a perfect place to swim in comfort, no matter the weather. With additional amenities like owned solar, a security alarm system, multiple HVAC zones, an elevator, remote shades, stained glass accents, a Home Hydrant Talco Fire Safety System, and so much more, La Aguilera is the ultimate in luxury living. World-class hiking & biking trails are just steps away, offering an unparalleled Sedona lifestyle. For the buyer who demands the best, this estate is your gateway to the extraordinary. 55 Cibola: This magnificent 3,577-square-foot home is a showcase of refined craftsmanship. Custom hardwood floors, soaring ceilings, and expansive windows and sliders perfectly frame the iconic red rock vistas. The Great Room, anchored by a stunning smoky brick beehive fireplace with an Alligator Juniper mantle, invites you to relax and admire the beauty outside. Step onto the massive main deck for an even closer connection to nature, or ascend to the covered SKY deck for 360-degree views of Sedona's most iconic formations. Whether it's the clarity of the day or the brilliance of the night sky, every moment here is an experience. The Primary Bedroom Suite is a sanctuary unto itself, featuring a spacious walk-in closet, dual vanities, a separate tub and shower, and a custom red rock mural. The exterior deck offers a private hot tubperfect for unwinding while soaking in the views. A guest bath with dual vertical shower panels, each boasting sixteen heads, ensures every visitor enjoys a spa-like experience. The lower level includes a bonus living room/office, a 12x12 storage room, laundry, and garage access. Prepare to be wowed as you lead your guests to one of the most unique wine cellars you'll ever encounter. Greeted by a majestic water feature, planted grapevines, and wrought iron gates, this historic, high-tech, award-winning wine cellar is a marvel. Native red rock walls, inventory security sensors, and stained glass accents create an atmosphere of sophistication. Whether you're entertaining indoors or savoring the sunset from the covered outdoor sitting area, this space is designed to impress.

6630 E Stallion Road Paradise Valley, AZ 85253

$6,999,500
5 Beds
5.5 Baths
6,985 SqFt
Status Active
MLS # 6758313
Property Type Single Family Residence
Price Type --
Stunning luxury home nestled near Mummy Mountain. Breathtaking views. Ample scenic windows. Vaulted ceilings with tasteful wood beams create spacious feel throughout. Backyard welcomes you with pristine heated pool & spa, ramada with fire pit, built-in barbecue, expansive covered patio, putting green. Kitchen boasts dual islands, top Wolf and Sub-Zero appliances. Large great room gives way to stunning bar with newly upgraded wine room. Home features wood floors, limestone fireplaces, marble countertops. Recent addition offers state-of-the-art theatre room with wet bar, wine fridge, theatre seating, built-in projector. Control4 smart home system recently installed with 18 security cameras on property. Oversized five-car garage. Large driveway, ample parking. A true treasure inside and out. In the heart of Paradise Valley. Ideally located moments from shops and restaurants. Don't miss this incredible opportunity.

5255 N 47th Street Phoenix, AZ 85018

$6,999,500
7 Beds
10 Baths
10,184 SqFt
Status Active
MLS # 6664595
Property Type Single Family Residence
Price Type --
The perfect balance of a sprawling private estate & hillside views. Views of the city face SW for epic evening sunsets & vistas of Camelback's Red Rocks provide an awe inspiring setting. This split floor plan home has touches of spanish & tuscan architecture blending with elements of modern luxe including massive glass sliders and pivot doors that make the most of the spacious indoor living & extensive covered patios for outdoor entertainment. Primary bedroom features two full bathrooms w/walk in closets. 3 additional bedrooms are spacious ensuites. 2 upstairs bedrooms could also work as separate offices for work at home in style & comfort. Enjoy the game room, theater, negative edge pool, full tennis court, putting green.

9926 E Kemper Way Scottsdale, AZ 85255

$6,999,000 - 4Br/5Ba -  for Sale in Silverleaf At Dc Ranch, Scottsdale
Open House
$6,999,000
4 Beds
5 Baths
6,649 SqFt
Status Active
MLS # 6704911
Property Type Single Family Residence
Price Type --
Welcome to Silverleaf Arcadia's European inspired masterpiece home situated at the top of the cul de sac and surrounded by lush park like landscaping featuring 4 bedrooms and 5 bathrooms. The ideal layout for entertaining, with soaring 20 foot+ ceilings, a large great room open to the gourmet kitchen featuring both a breakfast room and formal dining plus a butlers pantry. The main level owners suite features a beautiful fireplace, and a large bathroom with his and hers vanities plus a walk in closet with custom cabinetry. Upstairs features 2 bedrooms, 2 bathrooms a game room and movie room plus fabulous oversized patio with beautiful mountain and sunset views. The guest casita has a fabulous private entry, beautiful kitchen and living room plus two large guest bedrooms. Plus a Brand new laundry/craft room with amazing storage and island. Step outside to a beautiful outdoor patio with large fireplace and outdoor kitchen. The sparkling pool with spa and water feature add beauty and the hidden wall of fire behind the pool dazzle for evening entertaining. Plus a splash pad for days the kids or pups want to Cool off and play. The park like back yard offers several patios with private water features and more incredible views.

3699 S Woodland Hills Drive Flagstaff, AZ 86005

$6,995,000
5 Beds
5.5 Baths
5,900 SqFt
Status Active
MLS # 6723410
Property Type Single Family Residence
Price Type --
Introducing the first one-of-a-kind custom residence from The Ranch Mine and Two Hawks Design and Development in the highly desirable Pine Canyon community. This extraordinary mountain contemporary estate can be found on the 5th hole of the renowned Jay Morrish golf course, with breathtaking golf and mountain views. With over 5,900 sf of living space this home features 5 beds, 5.5 baths, 2 bonus rooms and a 3 car garage. This custom residence showcases a truly thought-out floor plan with exceptional privacy and a functional layout, perfect for enternaning family and friends! The home's outdoor living is truly spectacular, enjoy breathtaking views and majestic sunsets from multiple patios. Optional 1,500 SF of bonus basement space available to build out (not included in the current price).

10755 E Stoney Lane Scottsdale, AZ 85262

$6,995,000
4 Beds
6 Baths
5,812 SqFt
Status Active
MLS # 6784219
Property Type Single Family Residence
Price Type --
Golf Membership Available- Contemporary Desert Oasis with Unmatched Panoramic Views nestled within Desert Mountain's most coveted enclave, the prestigious lakeside ''Gold Coast''. This modern masterpiece offers elevated Southern to Northwestern panoramic views, capturing the beauty of mountain ranges, vibrant sunsets, serene water features, golf courses, and vast starry night skies. Originally built in 1992 and impeccably remodeled by renowned Manship Homes from 2015 to 2019, this home was further enhanced in 2022 with the addition of a stylish guest casita or private office/den. The home's contemporary architecture is showcased through clean lines, sharp angles, and a masterful use of stone, wood, metal, and glass, creating a perfect balance of style and functionality. The open floor pla flows seamlessly, starting with the Great Room featuring a floor-level fireplace, an intimate office alcove, and a spacious dining area. At the heart of the home lies the chef's kitchen, bathed in natural light from six skylights. This kitchen is a haven for entertaining, featuring a generous island with bar seating, a temperature-controlled 240-bottle wine wall, and an adjacent den complete with a wet bar and cozy floor-level fireplace. Both living areas showcase expansive floor-to-ceiling sliding doors that invite the outdoors in, creating a harmonious blend of indoor and outdoor living. The split-floor plan ensures privacy for the luxurious primary suite, which impresses with a double-door entry, a dropped and illuminated ceiling detail, and a see-through fireplace connecting to the spa-inspired bath. The suite also includes a glass slider wall system opening to the patio. The spa bath features an oversized soaking tub with fireplace views, a picture window, double vanity with integrated sinks, a steam shower, and a spacious designer closet. From the primary suite, access the rooftop deck directly for a tranquil escape with unmatched views of the surrounding landscape. On the opposite side of the home, two beautifully designed guest ensuites offer serenity, each with double-door entries and modern ensuite baths featuring linear vanities and floor-level walk-in showers. One guest suite also enjoys patio access, enhancing the guest experience. Two additional powder baths, each with floating vanities, add convenience and elegance to the home's layout. The outdoor living space is a stunning visual showcase of Southwestern beauty, featuring a negative-edge pool with an in-pool spa, terraced hillside patios with conversation areas, sunning decks, an outdoor grilling station, and alfresco dining areas. A ground-level linear firepit and a walk-in snail outdoor shower complete the exquisite exterior amenities. The private entrance casita is a world of its own, equipped with a full kitchen, including bar seating with own refrigerator, freezer, microwave, cooktop, dishwasher, and laundry facilitiesmaking it ideal for long-term guests or a private office suite with living space and separate bedroom. Throughout the home, attention to detail is evident with custom contemporary slab cabinetry, oak plank and stone flooring, slab stone countertops with 4 mitered edges, Smart Home technology and a whole-home entertainment system elevate this property to the pinnacle of modern living. Positioned mid-mountain, this home offers easy access to all of Desert Mountain's world-class amenities, including seven golf courses, seven clubhouses, tennis and pickleball courts, over 20 miles of hiking trails bordering the Tonto National Forest, and a short distance to the back gate for convenient access to nearby towns. Experience unparalleled desert living in this one-of-a-kind retreat, where luxury, nature, and modern design converge in Desert Mountain's most distinguished address.

10938 E Wildcat Hill Road Scottsdale, AZ 85262

$6,995,000
4 Beds
4.5 Baths
6,272 SqFt
Status Active
MLS # 6672199
Property Type Single Family Residence
Price Type --
Construction is underway, the view will be even better than we thought it would be! Golf course lot with mountain views, still time to add your finishing touches! Images are intended to convey overall design direction for this home but final specifications are subject to change. Calvis Wyant Luxury Homes to provide up to date details.

6112 E Quartz Mountain Road Paradise Valley, AZ 85253

$6,995,000
6 Beds
9 Baths
9,372 SqFt
Status Active
MLS # 6620435
Property Type Single Family Residence
Price Type --
PRICE REDUCED $1.5M! This exquisite single-level property offers a blend of luxury and sophistication. Featuring 6 bedrms + 8 bathrms spread across its expansive 9,372 sqft, it showcases breathtaking views of Mummy Mountain, McDowell Mountain, + city lights. The guest casita, complete with a living rm, kitchen, bedrm, + bathrm provides a private retreat for visitors. The main house features 5 ensuite bedrms, a gym, media rm, library, + flex rm ensuring a perfect balance of comfort + entertainment. The spacious chef's kitchen with large white quartzite island also features an additional full catering kitchen. Floor-to-ceiling windows + sliding pocket doors seamlessly merge indoor + outdoor living, while the zero-edge pool, spa, artificial turf + magnificent views create a resort-like oasi $1 MILLION PRICE REDUCTION!!!

4645 N 56th Street Phoenix, AZ 85018

$6,995,000
5 Beds
5.5 Baths
5,710 SqFt
Status Active
MLS # 6634116
Property Type Single Family Residence
Price Type --
Another masterpiece from Santorini Homes, one of the finest Luxury home builders in Arizona. Construction to begin early 2024, so to put your touches on this beautiful mountainside home you must hurry. Santorini was also the developer of this 3 home subdivision, this home is destined to be another classic home with 5,710 sq ft, a 4 car garage, pool, pickle-ball court, and stunning views of Phoenix. Centrally located to all the best attractions in the Phoenix/Scottsdale/Paradise Valley areas, this new home will exude class and sophistication for decades to come

6800 E Caballo Drive Paradise Valley, AZ 85253

$6,975,000
5 Beds
7 Baths
8,866 SqFt
Status Active
MLS # 6746023
Property Type Single Family Residence
Price Type --
This distinguished residence, inspired by the elegance of Santa Barbara and situated in the heart of Paradise Valley, epitomizes luxury with its unparalleled finishes on a secluded and verdant corner lot. The property exudes an impressive street presence, drawing you in with its meticulous details and sophisticated design from the moment you arrive. Inside, the home boasts dramatic high ceilings adorned with custom elements, new designer lighting, and pristine white Venetian plaster, creating an immediate sense of grandeur. The interiors are further enhanced by exquisite stone and wood flooring, Cantera stone fireplaces, and custom furniture-grade cabinetry, all contributing to an ambiance of refined luxury. The formal living and dining areas seamlessly transition to a gourmet kitchen and family room, which features an updated wet bar. Additional highlights include a charming powder room and an 800-bottle wine room, both serving as elegant finishing touches. The ground floor is dedicated to a luxurious owner's retreat, complete with a spa-like bath, expansive dressing areas, and custom-built cabinetry, offering an unparalleled sanctuary. Also on the first level is a fully appointed guest suite, featuring a separate living area, bedroom, and full bath, ensuring a private and comfortable experience for visitors. The well-designed home theatre, equipped with custom paneling and a full bath, adds to the entertainment options available on this floor. A grand foyer staircase leads to the second level, where guest accommodations include a loft corridor overlooking the family room and kitchen. This level offers an ensuite bedroom with a full bath, an additional bedroom with a bath, and a versatile game room and additional laundry-room. The property also features a fully appointed guest house, which includes a spacious living room, kitchen, half bath, bedroom with a full bath, and laundry facilities ideal for live-in family members or long-term guests. The expansive backyard is designed for entertaining and relaxation, featuring ample covered patio space, a refreshing pool and spa, a BBQ area, and lush, mature landscaping. This home is a paragon of elegance and embodies the quintessential Paradise Valley lifestyle.

4350 N Jokake Drive Scottsdale, AZ 85251

$6,975,000 - 5Br/6Ba -  for Sale in Arcadia Manors, Scottsdale
Open House
$6,975,000
5 Beds
5.5 Baths
6,750 SqFt
Status Active
MLS # 6716654
Property Type Single Family Residence
Price Type --
This is a very special home created by long time Arcadia builders Mike and Kim Krogh. The lush acre plus lot is one of the best in the neighborhood with exceptional curb appeal and a backyard that is the depth of an actual football field with a new pickle ball court and adjacent shaded ramada to relax under between games. Every surface in the home is brand new, and the modern architecture perfectly combines elegance and comfort with clean lines and fresh finishes at every turn. The neutral palette and perfectly placed splash of color create organic beauty and a truly serene vibe. The double island kitchen is exquisite, the living spaces are exceptional, all the bedrooms and baths are beautiful and the unique designer finishes include wood flooring, artistic tile, marble, quartz, wood

26761 N 98th Way Scottsdale, AZ 85262

$6,950,000
4 Beds
5 Baths
7,106 SqFt
Status Active
MLS # 6665458
Property Type Single Family Residence
Price Type --
An extraordinary property nestled just under Pinnacle Peak on the highest lot in Estancia * A exceptional example of tradition, charm & elegance designed by Jeff Biever and built by Bob Byrd * Split floor plan with a large master suite that includes a sitting area and office * Beautifully landscaped hillside setting with a negative edge pool that spills toward spectacular city light, mountain and golf course views * Interior details and materials include travertine and flagstone flooring, granite and marble surfaces and hand-carved doors and cabinetry * A separate entrance guest house with kitchenette completes the residence *

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