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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18112 N 66th Place Phoenix, AZ 85054

$1,245,000
4 Beds
3.5 Baths
2,774 SqFt
Status Active
MLS # 6744507
Property Type Single Family Residence
Price Type --
Exceptional opportunity to own a stunning residence in the highly sought-after Paradise Ridge gated community, located in north Phoenix, bordering Scottsdale. This premium view lot backs onto a serene natural desert open area, offering both privacy and breathtaking views. This meticulously designed home features state-of-the-art Smart Home technology that includes upgraded security features, interior lighting, landscape lighting, pool, air conditioning, and sound systems—all easily controlled at your fingertips. With over $100K in builder upgrades, no detail has been overlooked. The interior boasts gorgeous Herringbone wood/porcelain tile flooring throughout the downstairs, a spacious kitchen with a ''Classentino Marble'' backsplash, extended Quartz island, and ample light cabinetry. The large great room opens to a covered patio and pool area through expansive sliding doors, creating a seamless indoor-outdoor living experience. The owners have thoughtfully enclosed a previous side yard to add an additional 146 sq ft playroom/bonus room and an extra bathroom. Upstairs, you will find all the bedrooms, including an en-suite guest room, laundry, and an open loft. The owner's suite is a true retreat, featuring a light and bright bathroom with a separate shower and soaking tub, offering stunning sunset views over the open desert. The backyard is an entertainer's dream, complete with a custom pool and water feature, synthetic lawn with a sitting area, covered patio, and upgraded landscape lighting. The private backyard overlooks the desert and community walking path, providing a tranquil setting for relaxation and entertainment. Conveniently located near Desert Ridge, Mayo Hospital, Scottsdale Quarter, Kierland, Whole Foods, and Lifetime Fitness, this home is also within the rapidly expanding Biomedical Corridor and some of the top restaurants in Arizona.

7054 E Ingram Street Mesa, AZ 85207

$1,245,000
5 Beds
3 Baths
3,461 SqFt
Status Active
MLS # 6717770
Property Type Single Family Residence
Price Type --
Welcome to the charming, gated community of Annecy! This executive residence has Incredible curb appeal enhanced with paver steps, stone facade, lush landscaping and low maintenance artificial grass. The split floor plan is perfect for out of town guests or working from home. The open concept living area is perfect for gatherings and features custom built-in cabinetry. A stacked stoned wall is highlighted in the formal dining room. The gourmet kitchen features GE Monogram appliances, gas cooktop, double ovens, expansive island, large pantry, tile backsplash and pullouts. Unwind in the large Owner's Suite which includes dual sinks, tiled snail shower and Jacuzzi tub, complete with an upgraded custom closet from Classy Closets. The backyard is an entertainers dream! You will find a sparkling pool w/ travertine water feature, extended paver patio, artificial grass, fire pit, ramada w/ built-in BBQ and bar. Plenty of room to park your toys behind the RV gate and minutes to Usery Mountain and Saguaro Lake. Garage is pre-wired for an electric car with a 50AMP circuit and one garage is air conditioned for your comfort. This makes it a perfect man cave or workout area! Schedule a showing today of this beautiful property!

7607 E Turquoise Avenue Scottsdale, AZ 85258

$1,245,000
5 Beds
3 Baths
2,508 SqFt
Status Active
MLS # 6765578
Property Type Single Family Residence
Price Type --
Charming and bright 5-bedroom, 3-bathroom home nestled in a family-friendly neighborhood within the highly sought-after 3 C's school district. Perfect for entertaining or relaxing, the backyard features a sparkling pool with water feature and plenty of room for outdoor activities. Step inside and be greeted by skylights that fill the home with natural light. The versatile floor plan includes a bonus room—perfect for a home office, playroom, or gym—plus a cozy fireplace for those cooler Arizona nights. You'll love the breakfast room for casual meals, the formal dining room for special occasions, and the choice of both a family room and a formal living room for all your lounging needs. Located on a charming cul-de-sac lot, this home offers privacy and space, while still being close to all the best that Scottsdale has to offer - shopping, dining, golf, and more. Don't miss this opportunity to live in a prime location with top-rated schools.

4602 E Oberlin Way Cave Creek, AZ 85331

$1,245,000 - 5Br/4Ba -  for Sale in Diamond Creek, Cave Creek
Open House
$1,245,000
5 Beds
3.5 Baths
4,624 SqFt
Status Active
MLS # 6752881
Property Type Single Family Residence
Price Type --
MOTIVATED. BRING ALL OFFERS **SOLAR IS PAID IN FULL. Appraised at $1,250,000. Welcome to this luxurious 5-bedroom, 3.5-bathroom home in the exclusive gated community of Diamond Creek. This residence is a perfect blend of elegance & sustainability. Step inside to discover brand new hardwood oak floors and expansive, sun-filled living spaces featuring energy-efficient remote controlled solar shades. The gourmet kitchen is a chef's dream, equipped with high-end Wolf appliances, sleek new cabinetry, stunning quartz countertops, and an oversized island—ideal for hosting gatherings and holidays. For those who work remotely, a private office space behind double doors offers the perfect retreat. Guests will appreciate the downstairs suite with its own en-suite bathroom, providing comfort and priv The home also features an updated, sleek wet bar, a Sonos surround sound system, a beautiful pool and backyard with outdoor spaces designed for relaxation and entertainment. Each bedroom provides a retreat-like ambiance, with the master suite offering two walk-in closets, a fireplace, and a spa-like bathroom. A brand-new home theater system, complete with a 120-inch screen, projector, and cutting-edge sound system, promises an immersive cinematic experience right in the comfort of your own home. A state-of-the-art security system with three outdoor cameras ensures peace of mind, while three new AC units guarantee optimal climate control year-round. Energy efficiency is enhanced with new insulation, ductwork, and solar panels, significantly reducing energy costs. The updated laundry room is equipped with a new washer and dryer, designed with ample storage and functionality. The property is located in a secure, gated community, which also offers proximity to top-rated schools, fine dining, shopping, and recreational facilities. The new roof, installed in 2019, ensures the home's structural integrity and adds to its curb appeal. This home is a rare find that combines modern upgrades, sophisticated design, and advanced technology. Every detail has been meticulously accounted for to offer the highest level of comfort, efficiency, and style. With its prime location and numerous upgrades, this residence is more than just a home; it's a dream and the lifestyle that you have been searching for. Just appraised at value.

11377 E Diamond Cholla Drive Scottsdale, AZ 85255

$1,244,900
4 Beds
2 Baths
2,248 SqFt
Status Active
MLS # 6743404
Property Type Single Family Residence
Price Type --
MOTIVATED SELLER! This beautifully maintained home, nestled in the desirable Troon neighborhood, offers a perfect blend of classic charm and modern convenience, set against the breathtaking backdrop of Troon Mountain. Upon entering, you'll immediately appreciate the expansive windows showcasing picturesque desert landscaping and gorgeous mountain views. The spacious split floorplan ensures privacy and comfort featuring three generously sized bedrooms plus a versatile den, ideal for a home office, playroom, or additional guest space. The open-concept living and dining spaces create an inviting atmosphere for both relaxing and entertaining, while the well-appointed kitchen boasts ample cabinetry, counter space, and modern SS appliances, making meal preparation a pleasure. The highly desirable south-facing yard offers a perfect low-maintenance spot for outdoor dining, gardening, or simply soaking in the stunning scenery. This home is ideally located near a variety of amenities, including world-class golf courses, hiking trails, and vibrant dining and shopping options. Troon is renowned for its natural beauty and outdoor recreational opportunities, ensuring you'll always have something to explore right in your backyard.

9116 S Rainbow Road Buckeye, AZ 85326

$1,244,000
5 Beds
4.5 Baths
4,344 SqFt
Status Active
MLS # 6748081
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning residence, boasting over 4,300 square feet of luxurious living space, is nestled on 1.99 acres in the charming and rapidly growing area of Buckeye. Surrounded by serene farmlands, this beautifully remodeled home offers both luxury and comfort. . Experience the best of both worlds with tranquil country living just minutes from all the conveniences you need With five spacious bedrooms and four and a half bathrooms, there's plenty of room for everyone. The large, contemporary kitchen features brand-new appliances, dual islands with separate sinks, and an expansive walk-in pantry, making it a perfect spot for cooking and gathering. You'll find three master suites, including a luxurious primary suite with a garden tub, walk-in shower, expansive bedroom, and dual walk-in closets. The home also includes an oversized three-car garage and a movie theater abovean ideal retreat for movie nights or entertaining friends and family. The theater features a 165-inch screen, 4K projector with 3D capabilities, Dolby Atmos surround sound, riser seating, and plush carpet. Savor your own private movie experience without the overpriced popcorn! Enjoy the cool breeze from the 72-inch ceiling fans throughout the house, and take in the breathtaking mountain views from the huge by large windows in the formal dining and living rooms. Additionally, dual 5 ton A/C units and a separate mini-split system for the theater ensure year-round comfort. For horse lovers, this property is a true gem. It features a 120x100-foot fenced turnout area, ten covered stalls (each 20x20 feet), and a spacious breezeway. The nearby Buckeye Equestrian Center and Bales Hay Sales make it convenient to care for your thoroughbred companions. The irrigated grounds with private well promise lush, green grass, with no exorbitant costs and the large back patio is perfect for enjoying sunny days with loved ones. One of the standout features of this property is the absence of an HOA, allowing you the freedom to fully enjoy and personalize your space without additional restrictions or fees. This unique combination offers the perfect setting for you to create your ideal lifestyle on your own terms. Priced to sell, this home offers incredible value, with a per-foot cost comparable to smaller properties in the area. Here's your chance to own one of the largest and most beautiful homes aroundand get an extra acre for free! This has been our cherished family home, and while we're ready to downsize, we hope you'll create as many wonderful memories here as we have.

20534 E Marsh Road Queen Creek, AZ 85142

$1,239,995 - 4Br/4Ba -  for Sale in Bridle Ranch, Queen Creek
Open House
$1,239,995
4 Beds
3.5 Baths
2,946 SqFt
Status Active
MLS # 6772938
Property Type Single Family Residence
Price Type --
Anticipated completion in January 2025! Located in an exclusive gated community near Queen Creek Marketplace and award-winning schools, this single-level home sits on a large homesite with a private, North-facing backyard, just steps from the community park. The open floor plan offers spacious living areas, including a versatile flex room, and an impressive 90-degree sliding glass door and 78'' electric fireplace in the great room. The well-equipped kitchen features stunning cabinetry, elegant door hardware, quartz countertops, and a huge center island—perfect for entertaining. A must-see!

10555 E Thornton Avenue Mesa, AZ 85212

$1,239,000
4 Beds
3.5 Baths
3,617 SqFt
Status Active
MLS # 6758456
Property Type Single Family Residence
Price Type --
Stunning move-in ready single story with 4 BRs+2 flex rooms, 3.5 bathrooms on a premium corner lot with ample parking and a 30 second walk to the Club facilities. Fabulous open layout with a stunning kitchen featuring designer backsplash to the ceiling, double stacked soft-close cabinets with pull-out shelving, large island, quartz counters, gourmet GE Monogram appliances, beverage fridge & large walk-in/butler pantry. Inviting entryway with oak beams and timeless wainscoting. The added built in cabinets, custom closet, and tandem garage provide ample storage space. This N/S facing home has tons of natural light throughout! Backyard app-controlled heated pool and spa, 48'' fire pit, water features, marble pavers, turf yard, and citrus trees. Ready to be your home for the holidays!

42023 N Bridlewood Way Phoenix, AZ 85086

$1,238,000 - 5Br/5Ba -  for Sale in Anthem Country Club Unit 4 Amd-cog Hill, Phoenix
Open House
$1,238,000
5 Beds
4.5 Baths
4,319 SqFt
Status Active
MLS # 6765496
Property Type Single Family Residence
Price Type --
This is one excellent deal!. Within 2 blocks of Persimmon Club House. New AC's, interior/exterior paint. 5 bedrooms+office+4 large garages! Custom cabinetry & fireplace. Entertainer's kitchen w/newer high-end appliances, quartz counters, attractive backsplash, ample cabinets & counter space. Large kitchen island. Walk in pantry. Dining room fits 10-12 at table. Huge primary w/HIS & HER vanities, jet Jacuzzi tub, walk-in shower, HIS & HER custom closets. Bedroom #2 w/full en-suite for guests or as additional in-home office. Separate wing for kids or grandparents includes bedroom #3, w/full en-suite; BR #4. BR #5 w/another full bathroom. Entertainer's back yard w/BBQ, fire pit, & covered patio. At this price, add pool of your dreams & still be under market value.

5250 E Deer Valley Drive Unit 348 Phoenix, AZ 85054

$1,237,899
2 Beds
2.5 Baths
1,781 SqFt
Status Active
MLS # 6783918
Property Type Apartment
Price Type --
''The Luxe at Desert Ridge'' NEW BUILD MODEL'' elegant modern luxury living. The Luxe offers resort style living at its finest. Spacious condo w/ beautiful interior upgrades, beautiful lighting, quartz countertops, tile floors main throughout, beautiful surround tile showers & bathroom floor, Upper & lower kitchen cabinets w/ lighting, laundry room with W/D and sink, oversized patio w/ built-in gas BBQ, underground gated parking w/ two stalls & large storage room, elevators from parking to all levels. Onsite amenities, beautiful Clubhouse with chef's kitchen, theatre room, private conference center, dining room for private dinner parties, lap pool/resort style pools, large fitness w/ top of line equipment, infra-red sauna, locker rooms & yoga studio.

14655 N 15th Avenue Phoenix, AZ 85023

$1,235,000
3 Beds
3.5 Baths
3,718 SqFt
Status Active Under Contract
MLS # 6738503
Property Type Single Family Residence
Price Type --
Assumable VA loan at 2.34% available (not just for vets)!! Welcome to your dreamy 3 bed, 3.5 bath hillside home nestled in the center of the prestigious 24/7 guard-gated community of Coral Gables Estates, with easy access to anywhere in the Valley! A custom 10-foot door welcomes you into a grand foyer and a stylish living and dining room. At the heart of the home is the expansive kitchen offering a Subzero refrigerator, warming drawer, custom built wine closet, & 8-foot island; perfect for entertaining! Open to the kitchen is the impressive family room with soaring ceilings & cozy fireplace. Relax in the spacious primary bedroom with sitting area & fireplace and a spa-style bathroom, including a heated tub with jets and a warming drawer for towels-so nice in the Winter! Split from the primary are 2 spacious bedrooms, each with ensuite bathrooms and walk in closets. Relax, entertain & enjoy Arizona outdoor living in the resort-style backyard that backs to the mountain with ever-changing natural landscape. Dine on the covered patio, play on the grass lawn (turf), kick back around the built in firepit with surround seating, or take a dip in the saltwater diving pool. You won't want to leave! The home also offers ample parking and loads of storage in the air-conditioned 3-car garage. Average monthly electric bill is only $119 due to Pearl Certification & energy efficient rated home (see the attached certification and appraisal report)!

2538 N 91st Place Mesa, AZ 85207

$1,235,000
4 Beds
3 Baths
2,983 SqFt
Status Active
MLS # 6745151
Property Type Single Family Residence
Price Type --
BUYER FAILED TO PERFORM! Welcome to this exquisite custom home built on a county island so it is secured and quiet but close to all modern conveniences. This 4 bedroom, 3 bath home with a 3 car garage will be sure to impress and is move-in ready. Excellent curb appeal and well manicured lawn welcome you home. Enter the iron and glass front door to a massive great room with vaulted ceilings with wood beams that also overlooks the thoughtfully designed back yard and mountain views. Luxury vinyl plank flooring throughout the entire home makes it great for keeping it clean and sanitary. Enjoy a large generational suite or home office with living area, kitchenette and bedroom attached to a full bath. It feels like its own studio apartment. The split floor plan offers privacy for the master retreat. The master is very generous in size and offers a luxurious spa-like bathroom with a large freestanding soaker tub with amazing mountain views right out your bathroom. Adding dual vanities, upgraded tile shower and 2 walk-in closets with custom built-ins are exactly what you would expect in a home of this caliber. Outside is a fully landscaped, eco-friendly backyard, with drips for plants and synthetic grass. Entertain for all of your upcoming bbq's and events with the large patio, built-in pergola, upgraded swimming spa, extensive paver patio and walking paths, fenced yard with RV gates to pull through, RV hook-ups and so much more. The over-sized 3 car garage and large drive with RV gates are also a nice addition. This beautiful custom home is move-in ready so do not miss your opportunity to call this home!

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