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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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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16426 S 180th Drive Goodyear, AZ 85338

$564,900

2 Beds

2 Baths

1,779 SqFt

Status Active

MLS # 6777616

Property Type Single Family Residence

Price Type --

Welcome to this energy-efficient residence located on a desirable corner lot in the sought-after 55+ Cantamia Community! Enter to find a harmonious open floor plan featuring wood-look tile flooring & neutral palette that complements any décor. Well-appointed kitchen boasts abundant cabinets topped w/crown moulding, tile backsplash, butler's service area, recessed & pendant lighting, a prep island w/a breakfast bar, granite counters, & high-end SS appliances such as cooktop gas & a wall oven. The main bedroom is a serene retreat, offering plush carpet, plantation shutters, an ensuite w/dual sinks, & a walk-in closet. Flexible den provides additional space, perfect for an office or library. Discover the expansive backyard, complete w/an extended covered patio & a refreshing pool. LAKE VIEW! *$$$SOLAR SAVINGS$$$* / GATED community / DEN-FLEX ROOM can be easily converted into 3rd BDRM. NEAT Bucher Block counter in Butler area- AC Minisplit in the Garage.

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11840 N 59th Lane Glendale, AZ 85304

$564,850

4 Beds

3 Baths

2,523 SqFt

Status Active

MLS # 6673649

Property Type Single Family Residence

Price Type --

Beautifully Designed Single Level Multi-Generational Home with Split Floorplan located in The Gated Community of Cholla Cove. Two Master Bedrooms, Two Additional Bedrooms, Spacious Den/Office, Wide Hallways, and comes with Plenty of Storage. Relax out by the Saltwater Play Pool or Enjoy the Plush Grass. *Solar Panels are Owned* Home is monitored by ADT, Vacuflo Central Vac, Envirotec Water Softner System, Large Tile, Granite Countertops, Epoxy Garage Floors, Professionally Landscaped, and many more upgrades included with this property. Home is located across the street from the Mailbox and Green Belt with Ramada where it sits on an Interior Lot in a Quite Sought-After Community,

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10539 E Corbin Avenue Mesa, AZ 85212

$564,000

3 Beds

2.5 Baths

1,788 SqFt

Status Active

MLS # 6786971

Property Type Single Family Residence

Price Type --

Experience luxury in this gorgeous 3-bedroom home in the highly sought after community of Eastmark! Minutes away from grocery stores, restaurants, and shopping. The elegant stone-accented exterior and 3-car tandem garage with workshop set the stage for sophistication. Inside, you'll find wood porcelain tile, shutters, and a neutral palette complementing the great room's charm, all enhanced by pre-wired surround sound. The sleek kitchen is a chef's delight, featuring stainless-steel appliances, wall ovens, granite counters, a mosaic backsplash, a pantry, and an island with a breakfast bar.The main suite offers a spa-like retreat with dual sinks, a soaking tub, and a walk-in closet. Relax in the tranquil backyard with a covered patio and cozy fire pit. This is an amazing home-don't miss it!

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1972 W Olive Way Chandler, AZ 85248

$564,000

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6744573

Property Type Single Family Residence

Price Type --

Welcome to this captivating 3-bedroom, 2-bath residence in Montefino Village! Discover a welcoming living/dining room with high ceilings, a soothing palette, classic plantation shutters on the new Low E windows, and contemporary wood-look flooring. The inviting family room is perfect for gathering loved ones, featuring sliding doors leading to the backyard for seamless indoor-outdoor living. The gourmet kitchen comes with durable tile counters, ample wood cabinetry with crown moulding, recessed lighting, SS appliances, a pantry, and a two-tier island/breakfast bar. The main bedroom offers plush carpeting, an ensuite with dual sinks, and a walk-in closet. The backyard oasis showcases a covered patio and a refreshing pool for cooling down on hot days. This gem will sell fast!

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26990 W Burnett Road Buckeye, AZ 85396

$564,000

2 Beds

2 Baths

1,961 SqFt

Status Active

MLS # 6760185

Property Type Single Family Residence

Price Type --

Delightful 2-bedroom residence on a golf course lot! Be greeted by a 3-car garage, an impeccably designed front yard, & courtyard entry. The inviting family room boasts high ceilings, recessed lighting, a built-in media center, & surround sound speakers. Enjoy gourmet meals in the eat-in kitchen featuring granite counters, staggered cabinets w/crown moulding, stylish backsplash, pendant lighting, built-in appliances, a pantry, built in wine rack & an island w/breakfast bar. The primary bedroom offers an ensuite w/double sinks & walk-in closet. Den with French doors. Spend quiet afternoons in the enchanting backyard boasting a covered patio w/travertine tiles, a built-in BBQ w/dry bar, a warm firepit w/sitting areas, low-maintenance artificial turf & serene golf course views.

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1642 E Monte Vista Road Unit 11 Phoenix, AZ 85006

$564,000

3 Beds

2.5 Baths

1,493 SqFt

Status Active Under Contract

MLS # 6722277

Property Type Townhouse

Price Type --

BRAND NEW CONSTRUCTION. This ENERGY STAR® Home is Perfect for the busy professional. Lock & Leave, Maintenance Free, 11 Single-Family Attached 2-story Townhomes. Nestled between Downtown Phoenix & Arcadia, this home is in close proximity to the best restaurants, coffee shops, medical centers, and so much more! Featuring an impressive open layout with abundant natural light and showcasing designer-selected finishes including hard surface flooring, upgraded fixtures and lighting, and a great attention to the details that matter most. The primary bedroom features an immaculate ensuite with quartz dual sinks and walk-in closet. Ask for end of year Incentives!

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5720 S Wildrose -- Mesa, AZ 85212

$564,000

2 Beds

2 Baths

1,818 SqFt

Status Active

MLS # 6731718

Property Type Single Family Residence

Price Type --

Discover elevated living in the stunning 55+ Encore community. This Manhattan model home is nestled on a desirable corner lot beside a tranquil park. From the moment you arrive, curb appeal captivates with lush surroundings. Inside, soaring ceilings and an extended great room create a sense of openness, while the private study offers a perfect space to unwind or work. The gourmet kitchen boasts a massive island and walk-in pantry, ideal for any culinary endeavor. Outside, relax on your extended porch or covered patio adorned with travertine, or challenge yourself on the 4-hole putting green. The 2.5 car garage, with epoxy floors and built-in cabinets, completes this thoughtfully designed retreat.

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886 S Avenida Escuela -- Sierra Vista, AZ 85635

$564,000

4 Beds

4 Baths

3,060 SqFt

Status Active

MLS # 6745314

Property Type Single Family Residence

Price Type --

LARGE PRICE REDUCTION!!! Fully remodeled 4 BR 4 BA and 2 car garage. Home is on a large .88 acre lot with landscaping & pecan trees. Large fully covered front porch with beautiful metal door imported from Mexico has serious curb appeal. The back yard is fully enclosed with block walls & large covered patio. interior of the home features new custom tile floors, modern light and plumbing fixtures, fully remodeled kitchen & bathrooms. The windows are new and dual paned. The living room has a see through wood burning fireplace connecting to the dining area. The kitchen has new cabinets with granite countertops, new dishwasher & stove. The master bedroom is good size with two closets and large corner shower. Each bedroom has it's own private bathroom. .

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17463 N 66th Avenue Glendale, AZ 85308

$563,980

3 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6645957

Property Type Single Family Residence

Price Type --

FINAL OPPORTUNITY! ** LAST HOME REMAINING * * Mid-Dec 2024 completion. Our last available home in the community, nestled along the scenic Skunk Creek Trail near Arrowhead. Priced affordably with builder incentives for financing. Price includes front yard landscaping. This 3-Bedroom, 2.5 baths and 1832sq ft has no stairs or steps, with a bright, open Great Room and features a wall of sliding doors to the covered patio; Be the envy of your friends and family with this amazing Gourmet kitchen, with oversized island, walk in pantry, 42'' upper cabinets—all open to the Great Room with lots of light!

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28272 N 134th Avenue Peoria, AZ 85383

New

$563,906

4 Beds

3 Baths

2,120 SqFt

Status Active

MLS # 6788578

Property Type Single Family Residence

Price Type --

A soon to be complete single-story Sepia with a Ranch exterior elevation style. This 4-bedroom home plus a flex room offers 3 baths and a 2 car garage. The kitchen features stainless steel appliances and stylish cream-tone cabinetry with matte black hardware and beautiful white quartz countertops. Throughout the home, find upgraded baseboards and wood-like tile. The home and community are at the base of a mountain and are near Vistancia. Home warranty included.

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10959 E Tupelo Avenue Mesa, AZ 85212

$563,900

3 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6694537

Property Type Single Family Residence

Price Type --

Singe level pool home in Bella Via! Neutral paint and flooring in soothing tones is waiting for personal touches! Chef's kitchen with gourmet SS appliances including gas cooktop and wall oven, Expansive quartz island with extended staggered cabinetry Split floorplan is perfect for hosting guests. The spacious backyard with stunning pool is perfect for hosting BBQ's and enjoying the AZ sun! Prime East Mesa location near the 24, shopping and dining! Don't miss out on this one today!

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