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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6832 S 38th Place Phoenix, AZ 85042

$1,090,000
3 Beds
3 Baths
3,458 SqFt
Status Active
MLS # 6780503
Property Type Single Family Residence
Price Type --
Owner is Lic. Real estate Broker in the State of Az. Mountain, Lake ,and Golf course view. 300 feet of golf course frontage. Enjoy stunning sunsets from expanded back patio. Perfect location. 10 minutes from Sky Harbor International Airport. Suns, Diamond Back games, Spring training. Custom cabinets t/o. Viking appliances, Sub-Zero Refrigerator. Beautiful floor to ceiling stone F/P. Fantastic granite counter top and much more. Island bar. This is a one of a kind home located in the foothills of South Mountain. Lake views.

21064 N 72nd Place Scottsdale, AZ 85255

$1,090,000
4 Beds
3 Baths
2,364 SqFt
Status Active
MLS # 6784795
Property Type Single Family Residence
Price Type --
This beautiful 4 bed, 3 bath residence in Grayhawk is looking for new owners! Charming curb appeal, a low-care landscape, and 3 garage spaces with a new roof are just the beginning. Inside you will find a spacious living area and family room w/vaulted ceilings, elegant wood-look flooring, stylish light fixtures, and custom palette throughout. The gorgeous kitchen is comprised of wood cabinetry w/quartz counters, a pantry, subway tile backsplash, stainless appliances, & an island complete w/a breakfast bar and wine fridge. Enjoy a good night's sleep in the primary bedroom, showcasing private outdoor access, a walk-in closet, and full ensuite w/dual sinks. Also including a lovely backyard w/a covered patio, putting green, & a refreshing pool, this home is a dream come true! Don't miss out!

17011 E Monterey Drive Fountain Hills, AZ 85268

$1,090,000
4 Beds
3 Baths
3,209 SqFt
Status Active
MLS # 6741725
Property Type Single Family Residence
Price Type --
Explore this stunning property situated on over an acre in the picturesque Fountain Hills area. A captivating desert landscape welcomes you, alongside a spacious 3-car garage and ample parking. Inside, the home dazzles with Travertine flooring, soaring vaulted ceilings, and a generously sized living room featuring expansive windows that frame the scenic outdoors. The interior is further enhanced by a two-way fireplace that adds warmth to both the living and family rooms. The large kitchen is a chef's dream, equipped with wood cabinets, granite counters, a pantry, recessed lighting, and a stone backsplash. Stainless steel appliances, including wall ovens, complement the center island with a breakfast bar and a wet bar featuring a built-in wine rack... Retreat to the main bedroom, which offers double doors and a stylish bathroom with dual vessel sinks and a walk-in closet. All bedrooms provide direct access to the outdoors. The garage is outfitted with built-in cabinets and includes a workshop area. Step outside to the balcony and savor a drink while taking in the breathtaking mountain views. The backyard is an oasis with a covered patio, attached Ramada, built-in BBQ, spa, and a refreshing pool. This exquisite home has everything you need for a luxurious lifestyle. Claim this gem as your own today!

36445 N Stardust Lane Carefree, AZ 85377

$1,090,000
3 Beds
2 Baths
2,945 SqFt
Status Active
MLS # 6737891
Property Type Single Family Residence
Price Type --
With elegant, REMODELED charm, nestled on a 1.26-acre lot, this exquisite 2,945 SF CUSTOM home in Carefree's Velvet Shadows offers unparalleled privacy and old-world sophistication with a contemporary flair. The property is privately set back from the road, ensuring tranquility and seclusion. Upon entering you'll be captivated by the vaulted ceilings, a two-way fireplace & stunning porcelain 18''x36'' flooring that creates a welcoming and spacious experience. The family room opens to an expansive private covered patio, finished w/reverse Saltillo tile overlooking a sparkling pool with breathtaking views. This home is designed for easy living w/ light, brightness & natural beauty. The superior wool bedroom carpet reflects both sophistication & cozy warmth. The completely ...CLICK..''MORE'' The completely reinvented kitchen is a Chef's delight, featuring sleek quartz countertops, exclusive stainless steel appliances, extraordinary Custom-hewn Cabinets with abundant space. See UPGRADES & UPDATES COMPREHENSIVE LIST! The split floor plan strategically offers a large Owner's Suite with doors to a fully covered balcony-patio with pool & views, leading to a larger house-length private patio perfect for reading, sunbathing, dinners with friends or adding a hot tub. Vibrant Pinnacle Peak Mountain views with stunning sunrises are savored from these back patios, pool and family room. While the iconic Black Mountain and its incredible sunset views, are relished from the front, making this home a true Carefree Arizona paradise. Distinguishing this home is its huge Bonus Room with its cavernous walk-in closet and storage. The Bonus Room wing singularly provides the perfect space for a media room; exercise and hobbies. Noteworthy tech capacities provide separate lines for high-speed internet in the office, supporting home-based businesses and movie streaming. This energy-efficient, REMODELED treasure also includes a gorgeous laundry room appointed with top cabinetry, sink and folding space, an oversized 2-car garage with storage, and hidden pockets of private nature-viewing areas, enfolded into this nurturing, verdant, abundant land. Mature trees, floral shrubs and native cacti complete your Custom Arizona Hideaway, offering you and your guests years of enchantment, amidst fabulous views, sunsets and stargazing, in unmatched privacy. One visit, and you will fall in love, harnessing this opportunity to make Stardust Hideaway your Arizona Dream Oasis! Call now!

722 N Sun Road Apache Junction, AZ 85119

$1,090,000
4 Beds
3.5 Baths
2,550 SqFt
Status Active
MLS # 6738473
Property Type Single Family Residence
Price Type --
HIGHLY MOTIVATED SELLER! Come see this spectacular home and BRING YOUR OFFER!! This spectacular SUPERSTITION MOUNTAIN VIEW home offers a long list of HIGH END UPGRADES all sitting on a 1.1 acre lot in the ARROYO VISTA ESTATES gated community. This light & bright 2700 SQ. ft. home features 3 bedrooms, 3.5 baths, & a cozy attached CASITA (with a separate entrance),ideal for private guest quarters, an office, or a personal ART/CRAFT STUDIO! It also features a custom 47'x 23' fully finished & insulated RV garage along with an attached custom 2 car garage! There are so many ''NEW UPGRADES'' to view on our separate listing sheet.... This LOVELY custom home in a very peaceful neighborhood won't last too long! Over $220k in options and design upgrades and selections, including extensive wood-look tiled flooring, 42'' cotton white cabinets with full height backsplashes, custom vent hood, waterfall island, and so much more.

7722 S Myrtle Avenue Tempe, AZ 85284

$1,090,000
4 Beds
3 Baths
3,754 SqFt
Status Active Under Contract
MLS # 6775459
Property Type Single Family Residence
Price Type --
This updated, upgraded and pristine home is nestled in the gated and desirable Coventry Tempe community. Great features included fully remodeled kitchen, custom entertainment center and fireplace in family room and updated flooring throughout. Backyard oasis is perfect for entertaining and includes heated pool and spa, expansive covered patio, misting system and wired for surround sound. Coventry Tempe community includes 4.5 acre park, play ground and tennis courts and is nestled within the desirable Kyrene Schools district! This home is a must see!!!

1284 E Coconino Way Gilbert, AZ 85298

$1,089,982
4 Beds
3.5 Baths
2,951 SqFt
Status Active
MLS # 6781440
Property Type Single Family Residence
Price Type --
Come see this beautiful, new, 1-story home with desert ranch exterior located in Avocet at Waterston Central. Enjoy cooking in the kitchen equipped with a 36'' gas cooktop, double wall oven, built-in microwave, Bryant maple white cabinets with stacked uppers and quartz countertops. Other outstanding features include a frameless walk-in shower with Raincan shower head at the primary bath, an extended primary suite, farmhouse iron door at the front entry, wood look tile flooring, upgraded carpet, laundry sink with base cabinets, pavers at the driveway, champagne bronze plumbing and lighting fixtures and so much more.

8117 E Smokehouse Trail Scottsdale, AZ 85266

$1,089,000 - 3Br/3Ba -  for Sale in N/a, Scottsdale
Open House
$1,089,000
3 Beds
2.5 Baths
2,431 SqFt
Status Active
MLS # 6776022
Property Type Single Family Residence
Price Type --
Step into luxury and comfort with this meticulously remodeled 2,431 sq. ft. home, completely transformed in 2023 to embrace both modern elegance and natural beauty. With breathtaking mountain views and ideal north-south exposure, this home offers a harmonious blend of style and tranquility. The heart of this home, the kitchen, features premium, state-of-the-art appliances, granite countertops, making every culinary endeavor a pleasure. Immerse yourself in your private swim spa oasis! Perfect for exercise and relaxation, it's ideal for soaking under the stars while soaking in those stunning mountain views. New A/C system, Windows, Hotwater heater and Septic system. Cozy up by the fireplace, take in panoramic mountain views from the spacious deck, or unwind in your private swim spa.

9806 E Cloudview Avenue Gold Canyon, AZ 85118

$1,088,888
3 Beds
3.5 Baths
3,309 SqFt
Status Active
MLS # 6748485
Property Type Single Family Residence
Price Type --
Postcard Worthy Beautiful Mountain, Sunset & Sparkling City Light VIEWS! Pristine Custom 3300 SF Territorial Style 1.25 AC Desert Retreat, Saguaro Studded Prof. Landscape Saves $80K+/- Needed For New Build Cleared Parcels. Full Length N Facing Rear Patio w/Block & Stucco Fencing, RV Gates & Sunny Gated Fenced S Facing Courtyard w/Pavers. Open Floorplan Flows Seamlessly w/Impressive Mix Of Stacked Stone-Glass Block-Neutral Brick-Set Tile-Quartz Counters-Copper Sinks-FN/Office Master Suite Built In Ent Shelves-Artist Accents-Propane FP+DACOR Stove. Flexible 2 Home Offices w/Built In Shelves/M-In-Law Suite/Nursery/Library. All Have Private Baths/Walk-In Closets & Separate Entrances. NEW AC, 2024 Roof Coating w/2 YR Wrty, 2 UNSHARED Wells $40K+/- Value. Fast Possession/Leaseback Available.

14930 W El Cortez Place Surprise, AZ 85387

$1,088,800
4 Beds
3.5 Baths
3,488 SqFt
Status Active
MLS # 6783171
Property Type Single Family Residence
Price Type --
Welcome to your dream home! A new open concept custom home that has never been occupied. As you enter, you'll be greeted by soaring 15 ft high ceilings in the living room and dining room, perfect for entertaining guests or enjoying cozy evenings by the 90-inch fireplace. The heart of this home lies in the kitchen with state-of-the-art appliances, massive 6x8 ft stainless steel refrigerator with ice maker and water dispenser, spacious walk-in pantry, wine cooler, pot filler, microwave wall oven combo and a remarkable 6x9 ft waterfall edge island that seamlessly integrates style and functionality. Retreat to the sanctuary of the master suite, complete with a double sink, private toilet room, walk-in rain shower and separate tub, fireplace, and a huge walk-in closet Each of the bedrooms boasts 10 ft high ceilings and large walk-in closets, ensuring comfort and convenience for every member of the family. Step outside through the slider doors to the patio, where indoor-outdoor living reaches new heights. Host unforgettable gatherings around the barbecue grill, or simply unwind and admire the mountain views with ceiling fans to keep you comfortable. Additional features include quartz countertops throughout the house, 8 ft high doors, ceiling fans for year-round comfort, 3-car garage with circular driveway, 8 ft high garage doors, pre-wired with EV charging capability and the perfect touch of elegance with a second fireplace in the living room. Tile plank flooring & upgraded window coverings add the perfect finishing touches. The home is pre-plumbed for a water softener. Water circulation plumb that provides instant hot water. 2x6 ft wood framing with spray foam insulation which can save utilities up to 50% compared with standard insulation!

32631 N 66th Street Cave Creek, AZ 85331

$1,085,000
4 Beds
2.5 Baths
2,727 SqFt
Status Active
MLS # 6766626
Property Type Single Family Residence
Price Type --
This is the one you've been waiting for. Private, peaceful natural setting boasts 2 car attached and 4 car detached garage with bathroom, NO HOA, City Water and low County Island taxes. There's even more, a dedicated RV clean out septic system and extra room for your toys. Bonus Family Room adds to the charm of this territorial style home. 4 bedrooms, 2.5 bathrooms with classic wood burning fireplace and heated salt water pool. Wide open acre+ lot has endless possibilities for a Casita or ADU. Charming Cave Creek and Carefree are nearby for excellent dining and shopping, freeway access gets you into the city or airport with ease. You deserve all of the amenities you have been searching for. Welcome Home!

9204 W Daley Lane Peoria, AZ 85383

$1,085,000
3 Beds
3.5 Baths
2,737 SqFt
Status Active Under Contract
MLS # 6786811
Property Type Single Family Residence
Price Type --
Welcome to the Meadows master planned community! This home was builder's spec home-highly upgraded with Stainless Steel Appliances in Kitchen, Gas Stove with Hood, Double Ovens and Lots of Cabinet Space. Greyish White Granite Countertops complete the look. Butler Pantry with Full Walk/Shelves. Formal Dining Area. Open Floorplan-Large Great Room. Primary bathroom boast floor to ceiling glass walk in shower, double sinks and oversized walk in closet. Glass Slider Doors open to an ''almost new'' backyard. Seller put in over $120,000 for pebble tec pool, spa, firepit and built in kitchen island. Travertine stone decking. Side slab patio perfect for Basketball court or open seating area. Selling Bonus is the 3 car tandem garage with the 50ft RV Garage attached. Toys Fit!

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