US Housing Market Shows Real Estate Investments are Sound

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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108 W Hackamore Avenue Gilbert, AZ 85233

$565,000

3 Beds

2 Baths

1,230 SqFt

Status Active

MLS # 6786990

Property Type Single Family Residence

Price Type --

Fully REMODELED ! NO HOA -You have to see it to believe the detail in this house. 3/2 An amazing property in the PERFECT LOCATION (Warner /Gilbert Road area) Huge yard and RV gate rear entry and workshop/RV Pad . NEW appliances, Bathrooms, Flooring/whole house, Cabinets quartzite countertops. Added in 2020 AC, Roof (see upgrade list). 2024 New paint exterior and interior. Warm wood shutters on outside, new recessed can lights, fixtures whole house. New flowers and plants in front yard along with winter grass. 2 car garage with epoxy floors. Washer and Dryer can convey-not new. Welcome home to a fabulous home in the wonderful city of GILBERT -approximately 4-5 blocks walk to all the downtown restaurants and events ! Hackamore Avenue is off Gilbert Road across from the Historic Farmho

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4043 W Saguaro Park Lane Glendale, AZ 85310

$565,000

4 Beds

3 Baths

2,723 SqFt

Status Active

MLS # 6779833

Property Type Single Family Residence

Price Type --

Conveniently located off Happy Valley and I-17, this stunning Tri-level home features 4 LARGE BEDROOMS AND 3 FULL BATHS, with one bedroom and bath conveniently located downstairs. The primary bedroom offers 2 large closets for plenty of storage. Enjoy extra space with 2 large living areas downstairs and an open concept kitchen with an island, perfect for entertaining. Step outside into a well maintained back yard and relax in the private hot tub. With a low HOA, this home offers both style and affordability.

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691 N Bay Drive Gilbert, AZ 85233

$565,000

3 Beds

3.5 Baths

2,242 SqFt

Status Active

MLS # 6756218

Property Type Single Family Residence

Price Type --

Step into this beautiful two-story home nestled in a prime, peaceful subdivision. The open-concept floor plan flows effortlessly, showcasing a stunning upgraded kitchen with sleek black stainless steel appliances, quartz countertops, and an island, ample cabinetry, and a chic subway tile backsplash. The community offers a pool, playground, and scenic walking paths, with convenient access to downtown Gilbert, shopping, dining, and more. This home is a rare find

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3353 N Snead Drive Goodyear, AZ 85395

$565,000

2 Beds

2 Baths

1,914 SqFt

Status Active

MLS # 6773415

Property Type Single Family Residence

Price Type --

This immaculate home features a coveted spacious Golf Course lot, with a sonoran desert style landscape, Situated in a micro-neighborhood in Eagles Nest that shows pride of ownership. Newly remodeled kitchen, laundry room, bathrooms, New Windows, and roll-out shelves, Beautiful natural light flows inside throughout the home. Classic white cabinetry and quartz counters create a crisp modern style. The facade exterior features Stone trim and stamped concrete driveway. Enjoy a restful ambiance for backyard entertaining complete with built-in BBQ, covered and extended patio spaces and open views of Golf Course and Mountains. Don't miss seeing this exquisite home with all its creature comforts. Select furniture is available via separate Bill of Sale. Ring Doorbell does not con

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7346 S Debra Drive Gilbert, AZ 85298

$565,000

4 Beds

2 Baths

1,759 SqFt

Status Active

MLS # 6780815

Property Type Single Family Residence

Price Type --

Welcome to your new home in the beautiful Adora Trails community in Gilbert, AZ! This charming single-level residence sits on a spacious 10,000+ sq ft lot, offering plenty of room for outdoor activities and relaxation. Inside, you'll find 4 cozy bedrooms and 2 modern bathrooms. The kitchen features quartz countertops, stainless steel appliances, and sleek cabinets, making meal prep a breeze. The warm Pergo flooring, 4.5 inch baseboards and vaulted ceilings create a welcoming atmosphere throughout the home, and the split floor plan ensures privacy for the master suite. Living in Adora Trails means you'll enjoy a wonderful community atmosphere with access to walking trails, a gym, and a clubhouse. Spend your weekends lounging by the heated pool or exploring the nearby San Tan Mountains. This home is perfect for those looking for comfort and convenience in a friendly neighborhood. Don't miss out on this great opportunity!

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927 W Horseshoe Avenue Gilbert, AZ 85233

$565,000

4 Beds

3 Baths

2,104 SqFt

Status Active

MLS # 6781236

Property Type Single Family Residence

Price Type --

Nice Tri-Level home in desirable location. New flooring, fresh paint. Large kitchen with plenty of storage and beautiful bay windows. Cozy fireplace in family room. Large back yard that features a refreshing pool.

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5100 E Rancho Paloma Drive Unit 2077 Cave Creek, AZ 85331

$565,000

2 Beds

2 Baths

1,990 SqFt

Status Active

MLS # 6673934

Property Type Apartment

Price Type --

MOTIVATED SELLER -OPEN TO RATE BUYDOWN! Experience the ease of condo living! This like new property is perfect for a primary or second home. A perfect pied-a-terre if you travel to the city for business frequently. Expansive, open layout provides multiple design opportunities. Kitchen with island, Tiled-to-the-Ceiling backsplash, LG Refrigerator that pops out those perfect round ice spheres and a spacious patio make entertaining delightful. Bedrooms are split for privacy, with the guest room enjoying an en-suite bath. The primary bedroom carries off a king bed, large nightstands & still has room for seating. The primary bath has a light, bright ambience with upgraded LED Lighting. Walk in Shower, dual sinks, and extra storage - nd just beyond is the walk-in closet of your dreams. Punctuated with encaustic tile in the laundry and entry, with custom window coverings throughout, this stylish home needs nothing. Schonbek modern crystal pendant lighting, Modern Forms kwall sconce and ceiling fans are all in place. Enjoy the mountain views from the living and dining room, sunsets and sunrises from the patio, overlooking the central common grounds and pool. Patio is oriented for maximum shade. This location is quiet, away from traffic noise. it's a short walk to enjoy the spa, pool or workout facility. Just steps to your private, 2 car garage. What are you waiting for? The Mirror in Guest Bath doesn't convey, but like styles can be found online. Washer and Dryer negotiable. Listing Agent is a friend of Seller. Also available as rental under MLS 6720915

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280 S Evergreen Road Unit 1333 Tempe, AZ 85288

$565,000

4 Beds

4 Baths

1,853 SqFt

Status Active

MLS # 6693190

Property Type Townhouse

Price Type --

Very rare 4 bedroom, 3.5-bathroom townhouse in Villagio at Tempe offers a spacious and versatile layout, perfect for families , investment or for those who value extra room for guests or home offices. The LARGEST floor plan at 1853SF. 2-car garage adds convenience and storage space. Its rarity within the community, with the last 4-bedroom hitting the market three years ago, highlights its desirability and potential for investment or long-term residency. Owners replaced the areas with rugs and installed Luxury vinyl flooring, freshly painted , new window blinds.

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9854 W Ross Avenue Peoria, AZ 85382

$565,000

4 Beds

2 Baths

1,828 SqFt

Status Active

MLS # 6678518

Property Type Single Family Residence

Price Type --

Welcome Home! This 4-bed, 2-bath home sits on a huge 15,284 Sq. Ft. lot! The home offers vaulted ceilings, a freshly painted interior, tile and laminate flooring throughout. Be greeted upon entry to a gracious amount of living space. The owner's suite boasts a walk-in closet and private bathroom offering dual sinks with a separate shower and tub. The eat-in kitchen features granite countertops, a breakfast bar, stainless steel appliances and plenty of natural lighting. Make your way out back to an above ground hot tub and a SPARKLING PEBBLE FINISH POOL entirely resurfaced in 2022. Relax comfortably under the paved and extended covered patio. Here you will be conveniently located just minutes from Peoria's most popular shopping, dining and entertainment spot

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19403 N Ponderosa Court Surprise, AZ 85387

$565,000

2 Beds

2.5 Baths

2,300 SqFt

Status Active

MLS # 6772861

Property Type Single Family Residence

Price Type --

CHARMING MISSION MODEL WITH GREAT CURB APPEAL. HOME FEATURES STACK STONE FRONT, FRESHLY PAINTED EXTERIOR AND COATED WALKWAY. 2.5 GARAGE, NEWER HVAC, NEWER HOT WATER HEATER, NEW 6080 SLIDING PATIO DOOR JUST TO NAME A FEW UPDATES. PREMIER LUXURY KITCHEN-GRANITE COUNTERS, CHERRY CABINETS, CROWN MOLDING , SLIDE OUT SHELVES, UPPER LIGHTING, SOLAR TUBE, ELECTRIC COOK TOP, BAY WINDOW IN KITCHEN NOOK AND PRIMARY BEDROOM. GREAT ROOM CUSTOM FAUX STONE MEDIA WALL,,ACCENT LIGHTING. LUXURY PRIMARY BATHROOM WITH SOAKING TUB AND SHOWER STALL. OFFICE/FLEX ROOM NO BUILT-INS SO YOU CAN DESIGN. FLOORING IS TILE, NEW LAMITE FLOORS & CARPET. PATIO COVERED AND EXTENDED WITH FLAGSTONE.

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15829 N 168th Avenue Surprise, AZ 85388

$565,000

5 Beds

3 Baths

2,873 SqFt

Status Active

MLS # 6715613

Property Type Single Family Residence

Price Type --

Stunning two-story residence offering 5 spacious bedrooms and 3 full bathrooms, situated on a large cul-de-sac lot. This home combines elegance with functionality. Dramatic ceilings and decorative archways add a touch of sophistication & grandeur to the living spaces and the host of modern amenities. Enjoy elegant gatherings in the formal living & dining rooms. The kitchen is a chef's delight, featuring ample counter space, modern appliances and opening to the family room, perfect for relaxing while socializing with the cook! Durable & stylish laminate flooring runs throughout the home, except for the stairs, providing an easy-to-maintain living environment. A convenient bedroom & full bathroom on the ground floor offer flexibility, Transferable Home Warranty in place! for guests, in-laws, or a home office. Upstairs and away from the downstairs activity, is the spacious primary suite, offering a private retreat with plenty of room for a sitting area or home office. The en-suite bathroom features double sinks, a separate shower and a luxurious soaking tub, perfect for unwinding after a long day. A large walk-in closet provides abundant storage for all your wardrobe needs. The home is situated on a generous cul-de-sac lot providing a private and spacious outdoor area with a heated pool and spa for relaxation or hosting outdoor gatherings.

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36038 N Puente Alto Avenue San Tan Valley, AZ 85140

$565,000

2 Beds

2 Baths

1,769 SqFt

Status Active

MLS # 6717592

Property Type Single Family Residence

Price Type --

Stunning home that will deliver perfection to any buyer. Home is upscale and the sellers did many upgrades after moving into the property including glass and iron front door, upgraded springs on garage door, upgraded all appliances in property. landscaping is immaculate with fencing around property, travertine tile on patio and front entryway, electric screen enclosure on patio installed, cabinets painted, ventilation system installed. Back porch fireplace is perfect. Quiet location with privacy has a greenbelt in the back of home. Mountain views are amazing. Home is amazing please get this one while it is available.

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