Index Spotlights Where Home Prices are Rising the Fastest
Dallas, Denver, Houston, Miami Appear Prone to Market Downturn
BOCA RATON, Fla., June 04, 2021 (GLOBE NEWSWIRE) — Home prices are escalating quickly in Dallas and a handful of other U.S. cities where consumers would be better off financially by renting and reinvesting the money they would otherwise have spent on homeownership.
That’s the takeaway from first-quarter figures in the Beracha, Hardin & Johnson Buy vs. Rent Index, a national housing barometer created by professors at Florida Atlantic University and Florida International University. The index analyzes 23 U.S. metropolitan markets and determines whether consumers will create wealth faster by buying a home and building equity or renting a similar property and investing their savings in a portfolio of stocks and bonds.