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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5842 E Redwing Road Paradise Valley, AZ 85253

$6,995,000
5 Beds
5.5 Baths
8,306 SqFt
Status Active
MLS # 6692132
Property Type Single Family Residence
Price Type --
Incredible value now priced at $842/sq ft...impossible to replace at this price! Nestled between Mummy & Camelback mountains, this meticulously maintained estate showcases authentic Santa Barbara architecture and timeless design. Every detail created by skilled artisans, it features exquisite millwork and cabinetry - all crafted on site. Set in a prime PV location, it features a circular driveway, private gated entry courtyard with exposed terracotta roof tiles and brick columns..reminiscent of the famed Royal Palms Resort. The chef's kitchen boasts dual islands of butcher's block and Carrera marble atop beautiful cabinetry, with ample seating for 12 and spacious butler's pantry. The great room features hand-hewn trestle beams, stone fireplace, serving bar and wine room... ...which all flow into the central courtyard. The adjacent theater is spacious with room for 12. The primary suite features a coffered ceiling, sliding bookcase revealing a secret office, Cantera fireplace, a luxurious bath with dual vanity areas, custom tile, and two walk-in closets. The split floor plan includes three guest suites with en-suite baths and beautiful hand-painted tiles. The hand-painted domed ceilings in the formal dining room and nearby office complement the living room with its boxed barrel-domed ceiling and crystal chandeliers, offering stunning Camelback Mountain views. Discover the charming outdoor space with hand-tiled swimming pool, outdoor kitchen, inviting seating areas with mountain views and a full guest casita. Relax in the custom spa with cascading fountains from the pergola above. An oversized four-car garage with ample built-in cabinetry, native plants, fruit trees, and space for a pickleball court or putting green complete this pristine property.

4636 E Moonlight Way Paradise Valley, AZ 85253

$6,995,000
7 Beds
6.5 Baths
9,066 SqFt
Status Active
MLS # 6781732
Property Type Single Family Residence
Price Type --
Large Price Improvement! Unbeatable Value in PV at Just $771/Sq Ft! Welcome to your private hillside estate nestled in the prestigious Phoenix Mountain Preserve. This stunning home offers unparalleled panoramic views of the mountains, valley, and city lights, all while providing the perfect blend of luxury and comfort. With a generous price improvement, this home is one of the best values in Paradise Valley! This gorgeous residence comes fully furnished—down to the towels—offering a seamless move-in experience. Enjoy the freedom of living without the constraints of an HOA, allowing you to make this home your own sanctuary. Inside, the home is a masterpiece of design with beautiful Turkish Versailles travertine and hardwood flooring throughout. One of the standout features of this property is its seamless connection between indoor and outdoor spaces, making it perfect for entertaining or simply enjoying the serene surroundings. The chef's kitchen is a dream, equipped with stainless steel appliances, custom cabinetry, slab granite countertops, and a spectacular view of the rainforest waterfall that flows outside. It's a true culinary haven that also serves as a relaxing retreat. The primary suite is a true showstopper. Built in a rotunda design, the suite offers breathtaking 360-degree views of the mountains and city lightstruly a one-of-a-kind experience. Imagine waking up every morning to the beauty of nature and the city below. Picture yourself here, sipping your morning coffee as the sun rises over the mountains, with endless views in every direction. This home is an absolute must-see for those seeking both luxury and value in one of the most sought-after locations in the Valley. Don't miss out on this rare opportunity to own a magnificent estate in the heart of the Phoenix Mountain Preserve at a price that's hard to beat.

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.

6524 E Stallion Road Paradise Valley, AZ 85253

$6,990,000
4 Beds
6 Baths
5,466 SqFt
Status Active Under Contract
MLS # 6691277
Property Type Single Family Residence
Price Type --
Introducing Santa Fe Hacienda, an exquisitely restored and reimagined Nance masterpiece by Modern Nest situated on a generous 1-acre lot in the heart of Paradise Valley. This stunning residence showcases a captivating blend of Santa Fe-style design with luxurious modern and rustic accents throughout its expansive 5466 square feet and its 4 bedrooms and 6 bathrooms. Boasting an impressive main living area adorned with an oversized gas fireplace, two comfortable sitting areas, and a handcrafted wet bar with a limestone sink, and walk-in wine cellar, this home offers an unparalleled setting for both relaxation and entertainment. The elevated chef's kitchen is a true culinary haven, featuring reclaimed terracotta flooring, hand-hewn wood ceiling beams, impeccably designed cabinetry, high-end lighting fixtures, and top-of-the-line Wolf and Sub Zero appliances. The butler's pantry, just off the kitchen, offers additional storage paired with charming design and function. Adjacent to the kitchen, an elegant dining space awaits, complemented by picturesque windows that flood the room with natural light. The owners suite is a sanctuary unto itself, with a cozy fireplace, a private patio retreat, and an office with its own outdoor patio. The bath is a spa-like oasis, complete with a freestanding copper bathtub nestled near another fireplace, separate vanity areas, and a luxurious shower experience. The oversized closet is a masterpiece of design, featuring custom cabinetry, abundant storage, and ample natural light. A spacious media room, equipped with a convenient kitchenette, provides the perfect spot for casual gatherings and relaxation, while three additional bedrooms offer comfort and privacy, each with its own ensuite bath and outdoor patio access. The functional yet stunningly designed mudroom/laundry room boasts dual washers and dryers, abundant cabinetry, and a convenient drop zone, ensuring effortless organization and convenience. Outside, the sprawling backyard beckons with expansive patio spaces, an outdoor kitchen with a pizza oven and fireplace, and a newly rebuilt pool surrounded by lush landscaping and high-end lighting and sound systems. This home epitomizes elevated living, seamlessly blending authenticity with modern luxury. An absolute must-see to fully appreciate its exceptional offerings.

10383 E Rising Sun Drive Scottsdale, AZ 85262

$6,990,000
6 Beds
5.5 Baths
5,814 SqFt
Status Active
MLS # 6727039
Property Type Single Family Residence
Price Type --
FULL GOLF MEMBERSHIP AVAILABLE - NO STEPS IN HOME. Seller can change to 48'' Gas Range if desired. 5814 sq ft modern home completed in 2020 has walls of glass for seamless indoor outdoor living. 3 en-suite guest bedrooms plus a library/media room & large loft for grandkids. 3 Car Garage with addl 1 ½ bay for a rec room / man cave. A detached guest home with kitchen, living, 2 guest bedrooms, is perfect for when family or friends are in town. Entry water feature has a fire pit & ''floating'' walkway that leads to the entry door. 400 bottle climate controlled wine display at the dining room. Pocketing sliding glass doors in the great room open up to the resort style backyard with a 50 ft pool, deck fountains & spa. Ceiling heaters for winter & misters for summer. This property qualifies for an amazing Lender Incentive using our preferred Lender!

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 * An exceptional example of tradition, charm & elegance designed by Jeff Biever and built by Bob Byrd * Split floor plan with a large primary 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 *

4350 N Jokake Drive Scottsdale, AZ 85251

$6,950,000 - 5Br/6Ba -  for Sale in Arcadia Manors, Scottsdale
Open House
$6,950,000
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

6110 E Caballo Lane Paradise Valley, AZ 85253

$6,950,000
5 Beds
7 Baths
7,124 SqFt
Status Active
MLS # 6763087
Property Type Single Family Residence
Price Type --
This impressive very private gated 2.13 ACRE Cal Christiansen estate has 1.6 usable ACRES plus a ½ acre of golf course easement. The grounds feature a sunken tennis court (pickleball lines), pool w/ waterfall, spa, pizza oven, large grass area + garages for 10 cars. Including the separate guest house, there are 5 bedrms, 7 baths and 7,124 sf of luxurious living. Open + light w/ high ceilings, 5 fireplaces and attention to detail! The family rm w/ pub bar seamlessly connects indoor-outdoor living spaces via French accordion doors. A Car Collectors dream this temperature controlled garage w/shop has 16 ft vaulted wood ceilings + beams, 2 outdoor entrances and it also doubles as a party space!

5400 E Valle Vista Road Unit 6 Phoenix, AZ 85018

$6,950,000
5 Beds
6.5 Baths
10,519 SqFt
Status Active
MLS # 6765140
Property Type Single Family Residence
Price Type --
Highest Home on the south of Camelback with spectacular vistas. Very private gated estate sits on almost 3.5 acres. 10,500+ sf of living, 7 car garage, 12,000+ sf patios with magnificent views floating over Phx & Scottsdale. Main house includes huge master suite, gym, theatre room, wine cellar, billiards rooms, office & 2 very large private guest suites. Negative edge pool & hot tub, BBQ, perfect for entertaining. 2B/2BA Guest home large w/living room & full kitchen. Property also has an art studio, workshop, & storage. An opportunity to do a light remodel but value is in the land. Build a trophy estate on Camelback with the city allowing 37,000+ sf of lot disturbance and little to no pad prep to build the ultimate estate.

6809 E Doubletree Ranch Road Paradise Valley, AZ 85253

$6,950,000
6 Beds
6.5 Baths
7,424 SqFt
Status Active
MLS # 6777658
Property Type Single Family Residence
Price Type --
Introducing a residence which combines the beauty of mediterranean design with the elegance of transitional styling. Total remodel just completed at huge expense featuring the finest finishes, fixtures and craftsmanship available. The home is accessed by a large inner courtyard and immense double front doors lead you into a home of immense quality. The dramatic juxtaposition of modern and traditional is evident with carved stone fireplaces and exposed beam ceilings sitting on new hardwood and tile floors. Featuring formal and casual spaces the heart of the home is a bright open plan living room, dining and stunning sleek gourmet kitchen. The exceptional primary bedroom boasts unique venetian plaster walls along dual bathrooms and closets. The main home includes 4 additional bedroom suites all with bathrooms and one currently used as an office. The rear yard offers outdoor cooking, dining and relaxing around the classic swimming pool and spa. The residence is complete with a spacious guest house beside the pool. Updated without compromise, this home delivers a luxurious lifestyle.

6717 E Solano Drive Paradise Valley, AZ 85253

$6,950,000
4 Beds
5.5 Baths
6,425 SqFt
Status Active
MLS # 6784399
Property Type Single Family Residence
Price Type --
This beautiful home of almost 7000 sq ft located in the heart of Paradise Valley, is an entertainers delight. In 2022 with the addition of over 3000 sq feet to the original homes footprint, the design team at Legacy Remodeling have created an exceptional home that boast both luxury and comfort. As you enter the home you are greeted by a beautiful outdoor courtyard with a fireplace and water feature both imported from France. No detail has been overlooked in this stunning kitchen with butler pantry. From the Wolfe, Cove and Subzero appliances to the bookmatched quartzite countertops, this dream kitchen has it all. The formal dining room located off the kitchen has wall to wall sliders on 2 sides of the room that open all the way to give you the feeling of dining al fresco. Take the elevator or stairs to the primary suite, with a balcony and gorgeous views of Camelback Mountain and the infamous Praying Monk. The primary bathroom has a washer and dryer conveniently located so no need to bring laundry up and down. The oversized steam shower is the highlight of the bathroom. The original homes footprint has 2 bedrooms along with a very large family room with a wood burning fireplace and game room. A new wine room was built with glass doors and a high top table to entertain your friends and family. The home also has a greenhouse room for indoor gardening. The backyard has a large outdoor cooking area and bar with plenty of seating. There is a putting green, pool and a ramada with an outdoor fireplace along with another gas firepit with bench seating around it. Enjoy the stunning views of Camelback Mountain and the beautiful Arizona sunsets while outdoors in this relaxing and serene backyard.

18720 N 101st Street Unit 3017 Scottsdale, AZ 85255

$6,900,000
5 Beds
5.5 Baths
5,534 SqFt
Status Active
MLS # 6635509
Property Type Apartment
Price Type --
The FINAL and much anticipated phase of the highly successful Icon project now available with construction well underway and estimated completion in 2025. This is not only an opportunity for extraordinary views and new construction , it also continues to be the best opportunity to be inside the gates of Silverleaf. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private community of Silverleaf. An exquisite 5 BEDROOM CONDOMINIUM WITH BREATHTAKING VIEWS. With a total of 5,534 square feet, this contemporary yet timeless residence offers a spacious open floor plan and luxurious living. The expansive exterior patio offers plenty of room for entertainment while the interiors are meticulously crafted with high-end finishes and upscale details. Four parking spaces are included with this home along with two ample storage units. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

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