Omaha Real Estate: The Trumm Team Omaha Homes for Sale, Real Estate (Keller Williams Greater Omaha)

US Housing Market Still In ‘Buy Territory’!

US Housing Market Still In ‘Buy Territory’! | MyKCM

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 an Omaha 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.

 

US Housing Market Still In ‘Buy Territory’!
share
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… more
NEW LISTING! Bennington Home for Sale in Hanover Falls
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. PREINSPECTED! Incredibly gorgeous Bennington two story home with granite throughout. Come inside and discover the kitchen with amazing center-island, stainless steel… more
NEW LISTING! Omaha Home for Sale in Park Wild
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. This classic brick home in Little Italy is just two minutes from downtown and the Old Market. Step inside and see the amazing attention to detail in this magnificent… more
House Prices: Simply a Matter of Supply & Demand
share
Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount… more
What Should You Look for In Your Real Estate Team?
share
How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right Omaha agent or lender? The most important characteristic that… more
NEW LISTING! Papillion Home for Sale in Eagle Ridge
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. This stunning home in Eagle Ridge offers a great floor plan with 1, 854 sqft above grade plus a finished basement. Marvel at the two story entry into the living room… more
99% of Experts Agree: Home Prices Will Increase
share
Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home… more
5 Reasons Why to Sell This Spring!
share
Here are five reasons listing your Omaha home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast… more
NEW LISTING! Omaha Home for Sale in Silverleaf Estates
share
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4, 000 TO $7, 000! CALL 402-676-6700. Unbelievably luxurious home with a 30’ x 20’ Roman style salt water pool in highly desirable in Silverleaf Estates. This modern home has everything you need and the… more
Dreaming of a Luxury Home? Now’s the Time!
share
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home… more