US Housing Market Continues 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 “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.”
US Housing Market Continues Move into ‘Buy Territory’!
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. 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/
Cost of "Roughing It" = $46Million
Always wanted our own cabin... Colorado Ranch Sold for $46.5M — Highest Sale in U.S. This Year By: Diane Tuman, Zillow Content Manager | April 28, 2010 Share In what is speculated to be the highest price paid for residential real estate this year, the Wall Street...
Jesse & Sandra Split = New Beach Front Listing = Sunset Beach, CA = Just Shy of $6MM
Sandra Bullock and Jesse James Selling Their Sunset Beach, CA Home As anticipated, estranged Hollywood couple Sandra Bullock and Jesse James are selling their California beachfront home, but you won’t find it in the Multiple Listing Service (MLS) or any other site...
Short Sales…Discrete, Dignified, Graceful Exit…Alternative to Foreclosure!
As real estate professionals we have spent the last several years helping homeowners avoid foreclosure in this ever changing economy.... We can finally say____Washington DC is waking up! The major networks and newspapers are advertising Short Sales.....could it be...
Recourse and Non Recourse Loans…HAFA And The Short Sale
If you are a homeowner in the state of California you will want to understand the difference between Recourse and Non Recourse Loans. An example of a Non Recourse loan would be if you purchased the home and did not refinance or take out any type of Home Equity Line of...
Short Sales Successful When There Is Negative Equity In Property
Homeowners are facing Negative Equity in nearly every state in America. Negative equity is simply defined when you owe more on the property than it would sell for in this current market.
NAR Jeff Lischer Executive Talks About HAFA Short Sales
This is great news from the organization that represent Realtors nationwide. Listen to Jeff Lischer Top NAR Executive Talk Candidly About HAFA Short Sales
Arnold To The Rescue…Californians Get Short Sale Tax Break…SB 401
Mr. Schwarzenegger Has signed California SB 401 providing Californians a mirrored tax break (IRS Mortgage Forgiveness Debt Relief Act of 2007) that saves residents who short sold their primary residence in 2009 or are planning to through 2012. This much needed tax...
SB 401…More News…Great Relief for Tax Payers and Short Sales
Check this out...according to Sacremento Bee (april 9, 2010)...The Governator is going to sign SB 401 as soon as this week. SB 401 is "lock step" in line with IRS Mortgage Debt Relief Act of 2007 forgiving any tax liabilities afforded Californians that took advantage...
Check This Out…Daily Bulletin Highlights Short Sales, HAFA and Kris & Kim Darney
Real estate specialist Kris Darney on Thursday walks through a Rancho Cucamonga home whose owners are hoping it will be purchased in a short sale instead of being lost to foreclosure. (Mediha Fejzagic DiMartino/Staff Photographer) Read...
We received This Email from Wells Fargo…They Want To Sell Short Sales!
April 2010 The spring selling season is upon us and opportunities abound to boost the housing market and get it on a positive track. We have the advantages of low interest rates, affordable housing stock and the homebuyer tax credits that expire within just a few...
Governer Schwarzenegger Supports Short Sales…Will Sign CA SB 401 to Relieve State Tax Penalties
California SB 401is on its way to The Governator's office for a signature...according to his staff. This law protects California Home Owners against taxation on presumed "gains" from Short Sales. What do we mean by this? Homeowners that sold their homes via Short Sale...
Short Sale Questions…Kris & Kim Darney Answer What's HAFA
Kris and Kim Darney answer most frequently asked questions from homeowners that are considering a Short Sale. As of 2009 more than 11.3 million residential properties fell into negative equity. That equals 24% of all homes in America with a mortgage. Consider walking...
More on HAFA…Kris & Kim Darney Talk About Benefits to Home Owners Doing Short Sales
Kris and Kim Darney highlight HAFA….Home Affordable Foreclosure Alternative rolled out April 5th by our Treasury Department as an extension of HAMP….Home Affordable Modification Program. Some of the highlights of HAFA include an incentive of up to $3000 for relocation...
Jeff Lischer…NAR Representative Explains HAFA…Short Sales…See Kris & Kim Darney Blog
Kim and I are excited to run across this video on HAFA from Jeff Lischer, communications Representative for National Association of Realtors...Great Video...15 minutes...but worth it if you are in need fo assistance.
Correction…HAFA Does Help Home Owners with 2nd and 3rd Liens
In a Recent article in the Inland Valley Daily Bulletin...the article stated that home owners with 2nd liens will not be helped under HAFA... Actually...HAFA really comes to the rescue of the Home owner with 2nd liens...call us and we can talk about it.
Feds Help with HAFA…Kris & Kim Highlighted
Real estate specialist Kris Darney on Thursday walks through a Rancho Cucamonga home whose owners are hoping it will be purchased in a short sale instead of being lost to foreclosure. (Mediha Fejzagic DiMartino/Staff Photographer) Read...
CNBC Talks About HAFA…Short Video
Hafa and Short Sales...Short Sales are in the news!
Barney Frank Get's It…Support Him in His Efforts to Help Our Homeowners!
Congressman Barney Frank (Mass.) gets our kudos for taking the time to understand the misdeeds of the banks...2nd lien holders in this case. Congressman Frank is sending out an ultimatum to Bank of America, Citigroup, Wells Fargo and JP Morgan Chase. Mr. Frank is a...