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vacant property security

As rents in some areas continue to rise, people are beginning to realize that home ownership might be a better choice, as home sales increase. Three Florida economists say this truly is a good time to buy a home in most U.S. cities.

Research on this issue was performed by Ken Johnson, Ph.D., Florida Atlantic University; William G. Hardin III, Ph.D., Florida International University; and Eli Beracha, Ph.D., Florida International University. Together, these economists author The Beracha, Hardin & Johnson (BH&J) Buy vs. Rent Index.

“This is great news for home ownership and the financial returns to ownership,” said Johnson, a real estate economist who is an associate dean of graduate programs and professor in FAU’s College of Business. “We are not where we were in 2012, when nearly any purchase was a sound financial decision. However, overall, we are now in a situation where aggressive marketing from sellers combined with due diligence and sound negotiation from buyers is creating a housing market that’s more in line with what we’ve seen historically.”

Read Full Article [Source: www.dsnews.com]

 

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