According to the latestBeracha, Hardin & Johnson Buy vs. Rent (BH&J)Indexhomeownership is a better way to produce greater wealth, on average, than renting.
The BH&J Index is a quarterly report that attempts to answer the question:
Is it better to rent or buy a home in today’s housing market?
The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at use a “’horse race’ comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”
Ken Johnson,Real Estate Economist & Professor at Florida Atlantic University,and one of the index’s authors states:
"The U.S. as a whole is still in clear buy territory. The cities of Cincinnati, Chicago, Cleveland, and New York City are deep into buy territory."
Miami and Portland had been inching closer toward renting being the better option but have"pulled back from the edge."Johnson goes on to say, “that's a good sign for home pricing as it suggests prices are going to level off in these metro areas."
Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.
Author:Future Client Phone: 480-838-9613 Dated: October 5th 2015 Views: 1,015 About Future: ...
Solutions Real Estate has the Solution to all of your Arizona Real Estate needs. Veteran owned company based in Gilbert, Arizona with several offices throughout the Phoenix Metropolitan area. Currently expanding in southern California in the San Diego market.
I just wanted to reach out to say thank you for everything you helped us with during the process of purchasing our new house at 2203 E. Crest Ln. This isn't our first rodeo together but I'm always impressed with how helpful you are at every step and that you keep us up to date on exactly what is going on and what to expect next, whether it's with the lender, title company, seller agent, etc.I always know what is going on and it's because of you!
At every point in the process, I felt comfortable not only that you were available to answer my questions but confident that you would go to bat for me if I had any concerns about any part of the process.
As always, I will mention your name to anyone who is thinking about buying or selling and would provide my highest recommendation to anyone who is in the market.
Thank you again and next time we're looking to buy or sell, you'll hear from us. Thanks!