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US Housing Market Still In ‘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 “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 13 of the 23 metropolitan markets examined moved further into buy territory, markets like Dallas, Denver, and Houston are currently deep into rent territory. Due to a lack of inventory, the home prices in these areas have increased by 6.7%6.3%, and 5.3%  respectively from a year ago.

According to Eli Beracha, Ph.D., Co-Creator of the index, home prices will begin to return to more normal levels.

Our data indicates that prices are above their 40-year trend but not significantly so as they were in 2007. Rather than a crash, I anticipate slower growth in prices accompanied by longer marketing times for sellers and increasing inventories, which should bring prices back in conjunction with their 40-year trend.”

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.

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About Area

Mother Nature reigns supreme in the beautiful mountain town of Blairsville, located in the Appalachian Mountains. Delight in the explosion of autumn leaf color in the mountains or cuddle up in a cozy cabin during the winter. Outdoor lovers can hike endless trails, no matter the season; see breathtaking views atop Brasstown Bald, Georgia’s highest elevation; visit rushing waterfalls and relax on serene Lake Nottely. Enjoy horseback riding, golfing, and antiquing year round or plan your trip around one of many unique festivals. Blairsville's Town Square is frequently the venue for annual events such as the Downtown Spring Arts & Crafts Festival, the Memorial Day Parade, the Green Bean Festival, the Bluegrass Festival, the Sorghum Parade, Hometown Halloween on the Square, and the Christmas Parade. Everyone is invited to these family oriented celebrations! The homes around Blairsville are just as unique and wonderful as its residents. The abundant natural beauty all around acts as inspiration, so that no matter the price range, many quality homes in breathtaking settings are available. Blairsville is the place to be for outdoor fun. Nearly two-thirds of Union County is in the Chattahoochee National Forest. It includes Georgia's highest point, Brasstown Bald (with a visitors' center at the summit), Vogel State Park (the oldest and most popular state park in Georgia), and the Richard Russell Scenic Byway. The school system for Blairsville students, Union County Schools, are now recognized as one of Georgia’s Charter Schools, and has been named an “Outstanding School District” by Standard and Poors. Blairsville is an idyllic mountain town where nature is celebrated and good people are abundant.

Featured Properties

926 LOWER TRACKROCK RD.,
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5898 MURPHY HWY,
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93 SPRING LAKE DRIVE,
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