US Housing Market Shows Real Estate Investments are Sound

US Housing Market Is Moving 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 (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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33207 N 12th Street Phoenix, AZ 85085

$1,399,900
4 Beds
3.5 Baths
4,060 SqFt
Status Active Under Contract
MLS # 6778967
Property Type Single Family Residence
Price Type --
Prepare to be amazed! Check out this luxurious 4 bed, 3.5 bath tri-level home now on the market! Great curb appeal, a manicured desert landscape, 6 garage spaces, and a paver driveway are just the beginning. Discover a sizeable living area showcasing elegant wood flooring, high ceilings w/exposed wood beams, plantation shutters, a fire place, and a wet bar perfect for entertaining. Continue into the spacious family room, where you can spend quality time w/friends & loved ones. The chef's kitchen is comprised of wood cabinetry w/crown moulding, a walk-in pantry, granite counters, pendant lighting, SS appliances, a prep island, and 2 breakfast bars. You'll love the primary bedroom, boasting a 2nd fireplace, direct outdoor access, a walk-in closet, and a lavish ensuite w/dual vanities. Lastly, the wonderful backyard includes a covered patio, extended seating area, an outdoor fireplace, putting green, a refreshing pool/spa combo, and stairs leading to a rooftop deck! What are you waiting for? Act now!

1621 E Rolling Rock Drive Phoenix, AZ 85086

$1,399,900
5 Beds
2.5 Baths
4,290 SqFt
Status Active
MLS # 6769373
Property Type Single Family Residence
Price Type --
This expansive single-level home offers an exceptional combination of luxury, comfort, and functionality. With 5 bedrooms and 3.5 bathrooms spread over 4,290 square feet, it provides ample space for family living and entertaining. The home features split floor plan, ensuring privacy for the primary suite and guest suite. The gourmet kitchen is a chef's dream, equipped with stainless steel appliances, an oversized working island, granite countertops, and ample cabinetry. The primary suite is a private retreat with two spacious walk-in closets, an ensuite bath featuring a dual sink vanity, a separate tub and shower, and a private exit to the backyard, where you'll enjoy stunning views of Apache Peak, Circle Mountain, and Pyramid Peak. One of the bedrooms is designed as a guest suite with its own ensuite bath and separate exit to the backyard, providing ultimate convenience and privacy for visitors. The outdoor space is equally impressive, with a fully landscaped 1-acre lot that includes a pergola, sparkling pool, waterfall, and low-maintenance turf. There's also plenty of room for RV parking, making this home ideal for those who enjoy adventure and travel. The paver driveway leads to a 3-car epoxy garage, complete with built-in cabinets and a 220 outlet for electric vehicle charging. With 10-12' ceilings throughout, Travertine and carpet flooring, two newer AC units, and a water heater that is approximately 3 years old, this home has been thoughtfully designed and maintained for maximum comfort and efficiency. Whether you're enjoying the breathtaking mountain views or hosting gatherings in the beautiful backyard, this home offers a truly exceptional living experience.

185 W Marilyn Way San Tan Valley, AZ 85140

$1,399,900
3 Beds
3 Baths
2,200 SqFt
Status Active
MLS # 6521381
Property Type Manufactured Home
Price Type --
The best built and most innovative horse property I have ever had the privilege to list. Must see to appreciate. Spoil your horses with heated water at the wash rack, Horse barn has 8 large stalls 15X 30 , 2 more stalls that are currently cut in half for goats and sheep but can be easily converted to the 15X 30 stalls.. The horse barn has a concrete breezeway. Under the roof is a killer 15 x 30' r tack room with a bathroom and is lined with rough cut lumber . All drinkers are run off one float , the barn has enough room to keep a huge live in horse trailer and truck under roof with plugin. 200 amp service to the barn and arena. . 5,000 gallon storage for the arena sprinkler system that can be run remotely from an app on your phone. Arena is 180x335' Calf and team roping chute . The arena ground is perfect with imported sand. , there is also an alley set up for roping calves. Arena lights a LED ( very cheap to run) The end of the arena is a stripping chute and numerous catch pens. Hay barn . Solar runs the barn and arena lights and everyting in that part of the property.

213 El Camino Tesoros -- Sedona, AZ 86336

$1,399,000
3 Beds
3 Baths
2,714 SqFt
Status Active
MLS # 6705042
Property Type Single Family Residence
Price Type --
Serene, secluded, and lovingly maintained, this exceptional Sedona mountain retreat offers a breathtaking escape that feels a million miles away from the stresses of everyday life! Set back from the street, this single-story 3-bedroom, 2.5-bath haven stands proud on 0.47 acres of sylvan land. Low-maintenance landscaping and towering mature trees border the driveway while making your way to the entry, where artisan stained glass double doors usher you into an equally impressive interior. Elegant natural tones and beautiful tile and hardwood flooring are on show across the foyer, guiding guests towards the step-down living room with a custom concrete fireplace and stylized wood-clad ceilings. Wide glass doors leading to the deck encourage seamless indoor/outdoor entertaining. Expansive picture windows frame breathtaking views while filling the dwelling with abundant sunlight. In the adjacent dining area, showcase your China collection or personal memorabilia in two built-in hutches while the atmosphere is enhanced by a sophisticated chandelier. Bright and well-sized, the gourmet-inspired kitchen treats the avid cook to a full set of stainless steel appliances, a wall of handsome cabinetry, and gleaming granite countertops that extend to the multi-seater bar and island. Take your morning meals in the pendant-lit breakfast nook where glass sliders invite you to dine alfresco. Three stylish and comfortable private bedrooms await you after a long day, two of which are accommodated by an attractive shared bath with a shower/tub combo. Outshining the others, double doors leading to the primary suite reveal an unparalleled oasis highlighting a striking Kiva fireplace, exclusive balcony access, and a large customized walk-in closet. Indulge in a rejuvenating soak in its luxurious ensuite with dual vanities, a separate glass step-in shower, and a spa-like tub. Head outside and host weekend BBQs, relax under the covered sitting area, or bask in the sun and fresh breeze on an extensive, wrap-around deck where you can unwind with vistas of the Red Rocks in sight. A few stairs down, explore the rest of your acreage and the nearby woodlands that present endless potential for outdoor recreation. Other notable features are the large laundry/craft room, Pet deck, powder rooms, reverse osmosis, water softener, all appliances stay, and an attached 2-car garage with a ton of storage. Adventure enthusiasts will enjoy its close proximity to several hiking trails like the Outer Limits, Schuerman Mountain, Scenic Overlook, Lover's Knoll, and Cathedral Rock. Plus, Sedona Red Rock High School and downtown Sedona's shops, restaurants, and other conveniences are just a short drive away. This is a community of No STR.

2112 E Kerry Lane Phoenix, AZ 85024

$1,399,000
6 Beds
5.5 Baths
4,535 SqFt
Status Active
MLS # 6779901
Property Type Single Family Residence
Price Type --
Back on market!! With a massive $400k price cut. This is now your chance to own a one-of-a-kind mansion built on a former gold mine. And YES! mineral rights do convey with title. Carved into the bedrock of The Phoenix Mountain Preserve the new owners will benefit from views of the entire valley. Conveniently located in the PV school district, and just minutes away from Desert Ridge, Scottsdale and Paradise Valley. Noteworthy Items: 1) 2nd floor newly remodeled. 2) 400ft wide lot. 3) 30-foot ceilings 4) No HOA. 5) Sub-Dividable Lot. 6) RV Garage, with w/c & mezzanine level. 7) Fire Sprinklers throughout the house, casita and garages. 8) Gas and city sewer. 9) Casita with kitchenette.

8175 E Del Cuarzo Drive Scottsdale, AZ 85258

$1,399,000
3 Beds
2 Baths
1,935 SqFt
Status Active
MLS # 6787186
Property Type Townhouse
Price Type --
AN AMAZING OPPORTUNITY to have a charming single level home on ONE OF THE MOST COVETED LAKEFRONT LOTS in McCormick Ranch. This meticulously maintained, warm and cozy home has a picturesque view of Lake Angela and mountain views. It offers A RARE BLEND OF MODERN UPGRADES, TIMELESS CHARM, AND AN UNBEATABLE LOCATION. Enjoy breathtaking mountain views, serene lakeside living, and effortless access to vibrant restaurants and shops that are within walking distance. Step inside to discover a stunning remodel featuring a brand-new kitchen with sleek finishes, updated baths, and elegant new vinyl wood flooring throughout. Bright and airy, the home boasts new Pella windows and doors that frame the scenic surroundings, allowing natural light to pour in. Gather around the charming fireplace... ... on cooler evenings, or step out onto the low-maintenance outdoor patio, perfect for relaxing or entertaining while soaking in sunsets over the lake and mountain views. Whether enjoying the peaceful ambiance of Lake Angela, exploring the amenities of McCormick Ranch, or walking/riding the trails to Scottsdale and Tempe, THIS PROPERTY OFFERS A LIFESTYLE OF CONVENIENCE AND SERENITY. Don't miss your chance to own this beautifully updated gem in one of the most desirable locations.

16546 W Blue Sky Drive Peeples Valley, AZ 86332

$1,399,000
2 Beds
1 Bath
1,302 SqFt
Status Active
MLS # 6786168
Property Type Single Family Residence
Price Type --
Welcome to this beautifully remodeled 1930's stone ranch house situated on 40.16 acres of wide-open space in serene Peeples Valley. This charming 1,302 sq ft home boasts 2 bedrooms and 1 bath, offering a cozy, yet spacious living environment. The beamed ceilings throughout the interior create a rustic and warm ambiance, while modern updates make it a comfortable and stylish retreat. Having both a front and a back covered porch, you can take your pick on the best place to relax and take in the panoramic views of the surrounding landscape. The property includes a fully fenced yard, perfect for pets or gardening. Additionally, the large metal barn is ready for horses with a sizable corral and plenty of hay storage. Sweeping pastures would make a great place for an arena or could be fenced for rotating cattle pastures. This is a rare opportunity to own a piece of tranquility with historic charm and modern amenities in one of the most beautiful and peaceful parcels in all of Yavapai County with endless possibilities.

4621 E Walter Way Phoenix, AZ 85050

$1,399,000
5 Beds
4 Baths
3,999 SqFt
Status Active
MLS # 6763363
Property Type Single Family Residence
Price Type --
Move-in ready home located in the highly sought-after gated community of Sanctuary at Desert Ridge. Boasting 5 Beds, 4 Baths, and a two-car garage with built-in racks. Endless features include dual AC units w/ 5 zones, a private travertine courtyard, prime North/South exposed lot, water filtration system & a spacious den. The gourmet eat-in kitchen offers extended shaker-style cabinets, a mosaic tile backsplash, high-end granite countertops, stainless steel appliances, a gas cooktop, and a reverse osmosis system. The master bath features quartz countertops, a spacious walk-in closet, dual vanities, and a dual-entry shower. The backyard is perfect for entertaining, complete with a jacuzzi, built-in stainless steel BBQ area, glass fireplace, an entertainment wall with a TV and fridge... a misting system, and faux grass for easy upkeep. The private community of Sanctuary at Desert Ridge has it all. Enjoy exclusive access to the community pool, spa, clubhouse, playground, and wellness center.

11288 N San Clemente Street Surprise, AZ 85388

$1,399,000
4 Beds
3.5 Baths
3,743 SqFt
Status Active
MLS # 6783425
Property Type Single Family Residence
Price Type --
Rare, one-of-a-kind golf course/mountain/sunset view lot in Sterling Grove! One of the best lots the neighborhood has to offer, with stunning views of the White Tanks, overlooking hole 11. Enjoy resort style living in your outdoor space with pool, travertine patio, heavily landscaped with 15 ft privacy trees, tiled firepit with gas line for grill. Enclosed patio with tiled entertainment wall, including 2 TV niches & bar with beverage fridge, storage and trash. Front porch includes gorgeous custom porch swing with Sunbrella cushions designed to withstand weather. Open floor plan with custom real wood beams, and gourmet kitchen equipped with upgraded 42'' cabinets, tile backsplash to ceiling, and gas cooktop stove. Custom chevron shiplapped island with marble countertops... and more... ... Wainscoting & custom wallpaper in dining, along with built in bar for entertaining, equipped with floating shelves, tiled wall & cabinets with beverage fridge. Glass double french doors to den, wall niches for décor in entry. Designer lighting throughout. Woven wood cordless shades & designer curtains throughout. Tile all through main floor except in master. Charming Master Bath with standalone tub, herringbone tile floor, seamless shower enclosure & custom mirrors. Permanent Jellyfish holiday lights. Don't miss this one!

2415 N 87th Way Scottsdale, AZ 85257

$1,399,000
4 Beds
3 Baths
2,012 SqFt
Status Active
MLS # 6785466
Property Type Single Family Residence
Price Type --
Welcome to your ultimate oasis of luxury and sophistication, perfectly nestled in quiet neighborhood minutes to Old Town. This stunning residence on an almost 18,000 sq ft lot has been meticulously designed with high-end finishes and state-of-the-art features to create an entertainer's paradise. Over $400k in renovations up the wow factor in this well laid out 4 bedroom home. New plumbing, electrical, designer lighting, new roof, new front and back yard with huge projector screen for outdoor movie time, and covered patio. Love your pristine pool, hot tub, 42 yard par 2 golf hole, fire pit and RV gate plus side parking allows for more than enough toys/cars. Kitchen with large quartz island & SS appliances and also features a coffee and wine bar area. Bathrooms with gold and black fixtures, rain shower heads, freestanding deep soaker tub and tons of storage and double vanities. Set on a spacious lot, this home is more than a residenceit's a sanctuary type lifestyle. Whether hosting a grand soirée or enjoying a quiet evening under the stars, this entertainer's dream home is your perfect match.

6333 E Desert Forest Trail Cave Creek, AZ 85331

$1,399,000
4 Beds
4 Baths
3,580 SqFt
Status Active Under Contract
MLS # 6774167
Property Type Single Family Residence
Price Type --
Step into this stunning home and attached guest retreat, set on over 1/3 acre with 3,580 sq ft of luxury living. Enjoy a private pool, 3-car garage, and panoramic views of Black Mountain, with natural open space enhancing the tranquility. Two homes under one roof make it perfect for multi-generational living. The Next Gen suite offers a private bedroom, bath, living area, laundry, kitchen and its own garage and outdoor space. The main home features a 2-car garage, 3 bathrooms, a spacious primary suite, 2 guest bedroom, and a large open kitchen with GE Monogram appliances, granite countertops, and upgraded cabinetry. The primary suite includes an oversized walk-in shower, large walk-in closet and private access to the backyard . The backyard includes travertine decking, pebble tec pool, pool water feature, desert view fencing, large double gate and low maintenance landscaping. The extensive list of upgrades can be found under the documents tab This list of high quality upgrades include solid wood flooring, custom lighting, remote controlled custom window shades, upgraded cabintry, granite counter tops, and more.

8401 E Vista Del Lago -- Scottsdale, AZ 85255

$1,399,000
4 Beds
5 Baths
3,315 SqFt
Status Active
MLS # 6780699
Property Type Single Family Residence
Price Type --
Nestled in the prestigious guard gated golf community of Pinnacle Peak Country Club Estates, this classic home is perfectly situated on a desirable south-facing corner lot surrounded by lush, mature landscaping with a tranquil courtyard inviting you in. Inside, the single-level floor plan boasts abundant natural light with a seamless flow throughout its four bedrooms and five bathrooms. Whether you're looking for a move-in-ready property or a canvas to customize, this home presents an incredible opportunity, priced below appraisal value. Walking distance to nearby upscale shopping and dining in North Scottsdale.

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