US Housing Market Continues the Move into ‘Buy Territory’!

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 say
“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. 

Keeping Current Matters

Now’s a Great Time To Sell Your House

Now’s a Great Time To Sell Your House

Late spring and early summer are generally considered the best times to sell a house as these are the seasons most people move and buyer demand grows.

What Is Going on with Mortgage Rates?

What Is Going on with Mortgage Rates?

Based on current market data, experts think inflation will be more under control and we still may see the Fed lower the Federal Funds Rate this year.

Pin It on Pinterest

BrookHampton Realty
KCM-US Housing Market
Worried about Home Maintenance Costs? Consider This
Thinking of Selling? You Want an Agent with These Skills
Tips for Younger Homebuyers: How To Make Your Dream a Reality
Now’s a Great Time To Sell Your House
What’s Next for Home Prices and Mortgage Rates?
Home Prices Are Climbing in These Top Cities
What Is Going on with Mortgage Rates?
The Number of Homes for Sale Is Increasing
How Buying or Selling a Home Benefits Your Community
What More Listings Mean When You Sell Your House
Share This