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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4226 N Turnberry Court Florence, AZ 85132

$564,900

2 Beds

2 Baths

2,039 SqFt

Status Active

MLS # 6746069

Property Type Single Family Residence

Price Type --

MAKE A SPLASH! Enjoy the tour of this stunning, nearly new ''Pursuit'' model in the highly sought after Legends community in Sun City Anthem at Merrill Ranch. Your new home offers an abundance of upgrades that include a chefs kitchen with beautiful and highly upgraded granite, stainless appliances, ample cabinets, large island, triple sliding glass door and soaring 10' ceilings. The primary bathroom offers the same upgraded granite countertops, large walk-in tiled shower and large walk-in closet. Additional upgrades include ceiling fans, beautiful flooring, surround sound and much more. The outdoor living space features a gorgeous swimming pool w/sheer descent water feature, expansive travertine decking w/gas fire pit and professionally manicured landscape. A MUST SEE HOME!! Take advantage of the Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

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10345 E Rimrock Loop Gold Canyon, AZ 85118

$564,900

3 Beds

2 Baths

1,536 SqFt

Status Active

MLS # 6772762

Property Type Single Family Residence

Price Type --

Upgraded home, VIEWS and a Resort Style Backyard with a Newer Heated Pool! Superstition Mountain views from the front patio to the Dinosaur Mountain View in the backyard, this comfortable open floor plan has tons to offer with the well designed newer flooring, kitchen counters/cabinets, windows, bathrooms, Pool with heater, Alumiwood pergola, synthetic grass, paint, pavers, light fixtures, epoxy garage floors, garage cabinets, water softener, concrete patio coatings, and more. This home feels like new and it is maximized for relaxing! From this location here in Gold Canyon East with just a $24 per month HOA you are close to many great golf courses, walking trails, hiking, off road trails, mountain biking, local restaurants, and more. This home has options to be purchased furnished.

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854 S Del Rio Court Apache Junction, AZ 85120

$564,900

3 Beds

2.5 Baths

2,367 SqFt

Status Active

MLS # 6781016

Property Type Single Family Residence

Price Type --

This remodeled home is just like walking into a new build model home! It is situated in an intimate small neighborhood that is conveniently located to shopping and restaurants. Freshly painted interior in beautiful grey tones, updated custom kitchen cabinets and new granite counter tops plus all new flooring. New turf lawn front and back. An open floor plan that includes 12+ foot ceilings in great room and plantation shutters plus new blinds. Private owner's suite boasts large walk-in closet, separate tub/shower and dual sinks. Secondary bedrooms have convenient jack and Jill bath with individual vanities. Backyard is an entertainer's delight, built-in barbecue/bar area, fire pit, and full length patio. All one one level plus a three car garage!

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4082 N Monticello Drive Florence, AZ 85132

$564,900

2 Beds

2 Baths

2,352 SqFt

Status Active

MLS # 6784576

Property Type Single Family Residence

Price Type --

This immaculate 2 bed, 2 bath, w/den ''Concord'' model has all of the upgrades and options one would want. Your new home is located on an arroyo lot with no neighbors directly behind or to one side. Close the electric shades and enjoy cool winter nights on your spacious paver patio. Inside your new home is as amazing as out. The kitchen has staggered cherry cabinets, stainless steel appliances, granite countertops, pull out drawers, R/O, pendant lights and a breakfast nook. The spacious primary suite has a separate tub and shower, dual sinks and walk-in closet. More features of the home include plantation shutters, ceiling fans, extra storage in laundry/garage, epoxy floors, 3-car GARAGE w/4 FT EXTENSION, water softener, solar shades, service door, and OWNED SOLAR! SIMPLY A MUST SEE HOME!!

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2505 W Corral Road Phoenix, AZ 85041

$564,900

3 Beds

2.5 Baths

2,406 SqFt

Status Active Under Contract

MLS # 6751747

Property Type Single Family Residence

Price Type --

SELLER TO HELP WITH BUYER FEES TO MAKE THIS HAPPEN IF CLOSED BY 12/15/24. WALK TO SOUTH MOUNTAIN FROM THIS IMMACULATE AND WELL-MAINTAINED, LARGE 3 BEDROOMS, 2.5 BATH (W/ITH DEN/OFFICE). THIS BEAUTIFUL SINGLE LEVEL IS IN A GREAT LOCATION AND NESTLED INSIDE A GATED COMMUNTY FOR PLENTY OF SAFETY AND PRIVACY. PAMPER YOURSELF, AND INDULGE YOURSELF ON A DAILY BASIS., YOU GET A SPACIOUS KITCHEN WITH GRANITE COUNTER TOPS AND LARGE STAGGERED CABINETS, WITH A WALKIN PANTRY, CENTRAL HVAC, AND PROGRAMMABLE THERMOSTATS. TO TOP THIS PUPPY OFF, YOU GET A LARGE 3-CAR GARAGE WITH AWESOME AND HELPFUL NEIGHBORS. THERE IS A LOT OF HIKING TRAILS, BIKE TRAILS, AND HORSEBACK RIDING CLOSE BY, OR SIMPLY STAY HOME AND ENJOY YOUR LARGE BACKYARD.

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2772 S Betty Street Gilbert, AZ 85295

$564,900

4 Beds

3 Baths

2,067 SqFt

Status Active

MLS # 6785326

Property Type Single Family Residence

Price Type --

Stunning, only lived in one year, 4/3 with all appliances in great location with community pool. Easy care yard, stainless appliances, granite counters, ceiling fans and much more! This one is a must see on any list! Come and see me today!

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296 W Burtons Lane Tonto Basin, AZ 85553

$564,900

3 Beds

3 Baths

2,240 SqFt

Status Active

MLS # 6695245

Property Type Single Family Residence

Price Type --

Nestled amidst the serene landscape of Tonto Basin, this exquisite property at 296 W Burtons Lane offers a unique blend of luxury and tranquility. Spanning over 6.14 acres of pristine land, you're guaranteed privacy with no possibility of neighbors building close by. The estate boasts a fully-equipped RV hookup, perfect for the adventurous at heart. The grounds are a horticultural delight with multiple fruit trees dotting the landscape, providing both shade and bounty. The residence itself offers phenomenal views of Mount Ord, Four Peaks, and Picture Mountain, ensuring a picturesque backdrop to your daily life. Inside, the home welcomes you with a totally remodeled kitchen, featuring Brazilian granite countertops, a spacious walk-in pantry, and all new appliances. The property also includes horse stalls, catering to equestrian enthusiasts. Also, the brand-new bridges across Tonto Creek to be finished in June.

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3422 E Ravenswood Drive Gilbert, AZ 85298

$564,900

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6718352

Property Type Single Family Residence

Price Type --

Located in Seville Golf & Country Club neighborhood! 3 bedroom, 2 bath home with pool, built-in BBQ and extensive upgrades. Gourmet kitchen with granite countertops, walk-in pantry with frosted glass door, maple cabinets, island and peninsula bar top. Formal dining and kitchen nook. Family room with french door exits to backyard. Master Suite with two walk-in closets, double sinks, tile surround bathtub and shower. Backyard Oasis! Travertine pavers surround the sparkling pool. Covered ramada with built-in BBQ. Wood shutters. 2 car garage. This home resides in the prestigious Seville Golf & Country Club and close to neighborhood park! Owned Solar, enjoy low SRP bills.

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3862 E Narrowleaf Drive Gilbert, AZ 85298

$564,900

4 Beds

3 Baths

1,940 SqFt

Status Active

MLS # 6747524

Property Type Single Family Residence

Price Type --

This charming home, located in the highly sought-after Bridges at Gilbert, is brimming with character and ready for its next owner. Meticulously maintained and turn-key ready, this residence features an open-concept floor plan that seamlessly combines a spacious living area with upgraded plank tile flooring, soaring vaulted ceilings, granite countertops, and modern cabinetry. The generously sized primary bedroom, tucked away at the rear of the home, offers privacy and direct access to the backyard. A Jack and Jill bathroom serves an oversized secondary bedroom, providing convenience and functionality. The split and open floor plan enhances the home's cozy yet private atmosphere. The RO system and Water softener are owned and convey with the property. With professional low-maintenance landscaping, impressive curb appeal, practical updates, community amenities, and an unrivaled location, this property is the perfect place to call home.

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1020 N Blue Marlin Drive Gilbert, AZ 85234

$564,900

5 Beds

3 Baths

2,610 SqFt

Status Active Under Contract

MLS # 6760750

Property Type Single Family Residence

Price Type --

BRING ALL OFFERS! Assume Loan 2.75%, No HOA, 5-bed 3-bath directly across from community park. 2 new HVAC systems installed in 2021, vaulted ceilings, and abundant natural light throughout. Formal living & dining areas, wood-look floors & modern neutral tones, creating a warm & inviting atmosphere. Cozy family room just off spacious eat-in kitchen, granite countertops, stylish white cabinetry, stainless steel appliances, a center island & convenient pantry. Primary bedroom retreat w/ double doors, bay window, space for sitting area. Ensuite bathroom has dual sinks, walk-in closet & separate soaking tub & shower. Versatile downstairs bedroom and full bathroom provides comfort & flexibility, perfect for guests or multi-generational living. Great backyard for outdoor dining & entertaining.

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18581 W College Drive Goodyear, AZ 85395

$564,900

3 Beds

2 Baths

2,279 SqFt

Status Active

MLS # 6778682

Property Type Single Family Residence

Price Type --

Discover this stunning 3-bedroom, 2-bath home in the highly sought-after Sedella Community. This gem offers everything you could want, including a spacious 3-car garage, RV gate, and dedicated RV parking. Step inside and be captivated by the bright, open floor plan adorned with stylish tile flooring, a custom entertainment niche, and an abundance of natural light pouring in through large windows. The chef's kitchen is a dream come true, featuring upgraded cabinetry, granite countertops, a prep island with a breakfast bar, recessed and pendant lighting, a walk-in pantry, and stainless steel appliances, including a gas cooktop and wall oven. There's even a cozy nook, ideal for a pocket office or a special space for your furry friend. Retreat to the main bedroom, a serene haven with plush carpeting, dual vanities, and a spacious walk-in closet. Outside, enjoy a generous backyard designed for relaxation and entertaining, complete with a covered patio and built-in bar - perfect for year-round gatherings. Don't miss out on this exceptional home!

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9315 E Arrowvale Drive Sun Lakes, AZ 85248

$564,900

2 Beds

2 Baths

1,842 SqFt

Status Active

MLS # 6779048

Property Type Single Family Residence

Price Type --

Welcome home! This 2-bedroom, 2-bath residence features a 2-car garage, a paver driveway, and a well-maintained front yard. You'll be delighted by the living/dining room with vaulted ceilings, a soothing palette, and durable tile flooring. The gourmet kitchen boasts a breakfast nook, granite counters, custom wood cabinetry with crown moulding, recessed lighting, built-in appliances, a pantry, and an island with a breakfast bar. You'll also find a versatile den ideal for an office or study. The main bedroom offers plush carpeting, a quaint sitting nook, an ensuite with dual sinks, and a walk-in closet. Enjoy relaxing outdoor moments in the backyard, showcasing a covered patio and abundant space for hosting memorable gatherings with loved ones. Make it yours today!

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