Atlanta-Sandy Springs-Alpharetta Home Prices Up 0.7% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its February 2025 Home Price Index (HPI) report, revealing that home prices in the Atlanta-Sandy Springs-Alpharetta metro area increased by 0.7% year-over-year. The national house price growth has reached its slowest pace since March 2012, according to Chief Economist Mark Fleming.
The report highlights that while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, with cities like Tampa and Phoenix showing more buyer-friendly conditions due to increased inventory from significant home building.
The HPI report segments home prices into three tiers: starter, mid, and luxury, tracking changes across national, state, and metropolitan levels. The analysis suggests that while current market conditions may favor buyers in some regions, recent rate declines and seasonal demand could lead to accelerated price growth in markets where demand exceeds supply.
First American Data & Analytics ha pubblicato il suo rapporto sull'Indice dei Prezzi delle Case (HPI) di febbraio 2025, rivelando che i prezzi delle case nell'area metropolitana di Atlanta-Sandy Springs-Alpharetta sono aumentati del 0,7% su base annua. La crescita dei prezzi delle case a livello nazionale ha raggiunto il suo ritmo più lento dal marzo 2012, secondo il Chief Economist Mark Fleming.
Il rapporto evidenzia che, sebbene i tassi di interesse sui mutui siano diminuiti a febbraio, la crescita più lenta dei prezzi riflette le vendite precedenti, quando i tassi superavano il 7%. Fleming osserva che i mercati del Sunbelt stanno vivendo la crescita più lenta dei prezzi delle case tra i mercati monitorati, con città come Tampa e Phoenix che mostrano condizioni più favorevoli per gli acquirenti grazie all'aumento dell'inventario dovuto a significativi lavori edilizi.
Il rapporto HPI segmenta i prezzi delle case in tre categorie: entry-level, media e lusso, monitorando le variazioni a livello nazionale, statale e metropolitano. L'analisi suggerisce che, sebbene le attuali condizioni di mercato possano favorire gli acquirenti in alcune regioni, le recenti diminuzioni dei tassi e la domanda stagionale potrebbero portare a una crescita accelerata dei prezzi nei mercati dove la domanda supera l'offerta.
First American Data & Analytics publicó su informe del Índice de Precios de Viviendas (HPI) de febrero de 2025, revelando que los precios de las casas en el área metropolitana de Atlanta-Sandy Springs-Alpharetta aumentaron un 0.7% interanual. El crecimiento de los precios de las viviendas a nivel nacional ha alcanzado su ritmo más lento desde marzo de 2012, según el economista jefe Mark Fleming.
El informe destaca que, aunque las tasas hipotecarias disminuyeron en febrero, el crecimiento más lento de los precios refleja ventas anteriores cuando las tasas superaron el 7%. Fleming señala que los mercados del Sunbelt están experimentando el crecimiento más lento de precios de viviendas entre los mercados monitoreados, con ciudades como Tampa y Phoenix mostrando condiciones más favorables para los compradores debido al aumento del inventario por la construcción significativa de viviendas.
El informe HPI segmenta los precios de las casas en tres categorías: de entrada, media y lujo, rastreando cambios a nivel nacional, estatal y metropolitano. El análisis sugiere que, aunque las condiciones actuales del mercado pueden favorecer a los compradores en algunas regiones, las recientes caídas de tasas y la demanda estacional podrían llevar a un crecimiento acelerado de precios en los mercados donde la demanda supera la oferta.
퍼스트 아메리칸 데이터 & 애널리틱스는 2025년 2월 주택 가격 지수(HPI) 보고서를 발표하며 애틀랜타-샌디 스프링스-알파레타 대도시 지역의 주택 가격이 전년 대비 0.7% 증가했다고 밝혔습니다. 마크 플레밍 수석 이코노미스트에 따르면, 전국 주택 가격 성장률은 2012년 3월 이후 가장 느린 속도에 도달했습니다.
보고서는 2월에 모기지 금리가 감소했음에도 불구하고, 가격 성장의 둔화는 금리가 7%를 초과했던 이전의 판매를 반영한다고 강조합니다. 플레밍은 선벨트 시장이 추적된 시장 중에서 가장 느린 주택 가격 성장을 경험하고 있으며, 탬파와 피닉스와 같은 도시들이 상당한 주택 건설로 인해 증가한 재고 덕분에 구매자에게 더 우호적인 조건을 보이고 있다고 언급합니다.
HPI 보고서는 주택 가격을 입문, 중간 및 고급의 세 가지 계층으로 나누어 국가, 주 및 대도시 수준에서의 변화를 추적합니다. 분석 결과, 현재 시장 조건이 일부 지역에서 구매자에게 유리할 수 있지만, 최근 금리 하락과 계절적 수요가 수요가 공급을 초과하는 시장에서 가격 성장을 가속화할 수 있음을 시사합니다.
First American Data & Analytics a publié son rapport sur l'Indice des Prix des Maisons (HPI) de février 2025, révélant que les prix des maisons dans la région métropolitaine de Atlanta-Sandy Springs-Alpharetta ont augmenté de 0,7 % d'une année sur l'autre. La croissance des prix des maisons au niveau national a atteint son rythme le plus lent depuis mars 2012, selon le chef économiste Mark Fleming.
Le rapport souligne que bien que les taux hypothécaires aient diminué en février, la croissance plus lente des prix reflète des ventes antérieures lorsque les taux dépassaient 7 %. Fleming note que les marchés du Sunbelt connaissent la croissance la plus lente des prix des maisons parmi les marchés suivis, avec des villes comme Tampa et Phoenix montrant des conditions plus favorables aux acheteurs grâce à l'augmentation des stocks due à des constructions significatives.
Le rapport HPI segmente les prix des maisons en trois catégories : entrée, milieu et luxe, suivant les changements aux niveaux national, étatique et métropolitain. L'analyse suggère que bien que les conditions de marché actuelles puissent favoriser les acheteurs dans certaines régions, les récentes baisses de taux et la demande saisonnière pourraient entraîner une accélération de la croissance des prix dans les marchés où la demande dépasse l'offre.
First American Data & Analytics hat seinen Bericht über den Hauspreisindex (HPI) für Februar 2025 veröffentlicht und festgestellt, dass die Hauspreise im Atlanta-Sandy Springs-Alpharetta Ballungsraum um 0,7% im Jahresvergleich gestiegen sind. Das nationale Wachstum der Hauspreise hat laut Chefökonom Mark Fleming das langsamste Tempo seit März 2012 erreicht.
Der Bericht hebt hervor, dass, obwohl die Hypothekenzinsen im Februar gesenkt wurden, das langsamere Preiswachstum frühere Verkäufe widerspiegelt, als die Zinssätze über 7% lagen. Fleming stellt fest, dass die Sunbelt-Märkte das langsamste Wachstum der Hauspreise unter den überwachten Märkten erleben, wobei Städte wie Tampa und Phoenix aufgrund eines erhöhten Angebots durch signifikante Bautätigkeiten käuferfreundlichere Bedingungen aufweisen.
Der HPI-Bericht segmentiert die Hauspreise in drei Kategorien: Einstieg, Mittelklasse und Luxus und verfolgt Veränderungen auf nationaler, staatlicher und städtischer Ebene. Die Analyse deutet darauf hin, dass, obwohl die aktuellen Marktbedingungen in einigen Regionen Käufer begünstigen könnten, die jüngsten Rückgänge der Zinssätze und die saisonale Nachfrage zu einem beschleunigten Preiswachstum in Märkten führen könnten, in denen die Nachfrage das Angebot übersteigt.
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National House Price Growth Slips to Slowest Pace in Nearly 13 Years
—Slower price growth signals that some pockets of the country are shifting toward a more buyer-friendly market, says Chief Economist Mark Fleming—
February1 Home Price Index
|
|
Metric |
Change in HPI |
January 2025-February 2025 (month over month) |
+0.9 percent |
February 2024-February 2025 (year over year) |
+0.7 percent |
National HPI |
|
Metric |
Change in HPI |
January 2025-February 2025 (month over month) |
+0.4 percent |
February 2024-February 2025 (year over year) |
+2.0 percent |
Chief Economist National HPI Analysis:
“National house price growth slipped to its slowest pace since March 2012, amid ongoing affordability constraints and rising inventory,” said Mark Fleming, chief economist at First American. “While mortgage rates retreated in February, the softening home price growth reflects sales that went under contract earlier, including when demand softened amid mortgage rates that surpassed 7 percent. The good news is that slowing price growth is creating more favorable conditions for buyers in some markets, offering more potential opportunities for those looking – just in time for the spring home-buying season. However, given the recent decline in rates and the seasonality of demand, it's possible that price growth may accelerate in the coming months, particularly in markets where demand outstrips supply.”
Year-Over-Year Price-Tier Data for the
The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution.
CBSA |
Starter |
Mid-Tier |
Luxury |
|
- |
- |
+ |
“Sunbelt markets lead the nation in the slowest home price growth among the markets we track,” said
February 2025 First American Data & Analytics Price Tier HPI Highlights2
Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Starter Tier HPI |
|||
CBSA |
Change in Starter Tier HPI |
Change in Mid-Tier HPI |
Change in Luxury Tier HPI |
|
+11.4 percent |
+6.0 percent |
+7.1 percent |
|
+7.8 percent |
+3.6 percent |
+3.1 percent |
|
+5.8 percent |
+4.0 percent |
+4.1 percent |
|
+5.5 percent |
+6.0 percent |
+2.8 percent |
|
+4.2 percent |
+1.3 percent |
+4.2 percent |
Additional February 2025 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+7.0 percent |
|
+4.6 percent |
|
+4.1 percent |
|
+3.9 percent |
|
+3.1 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-4.8 percent |
|
-4.2 percent |
|
-1.0 percent |
|
-0.8 percent |
|
-0.8 percent |
HPI data for all 50 states and the largest 30 CBSAs by population is available here.
Visit the First American Economic Center for more research on housing market dynamics.
Next Release
The next release of the First American Data & Analytics House Price Index will take place the week of April 21, 2025.
First American Data & Analytics HPI Methodology
The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e. the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available.
The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included.
Disclaimer
Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2025 by First American. Information from this page may be used with proper attribution.
About First American Data & Analytics
First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 8.6 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of
1 The most recent index results are subject to revision as data from more transactions become available.
2 Note:
View source version on businesswire.com: https://www.businesswire.com/news/home/20250318649188/en/
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First American Financial Corporation
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Source: First American Data & Analytics
FAQ
What is the current year-over-year home price change in Atlanta-Sandy Springs-Alpharetta for February 2025?
How are Sunbelt markets performing in terms of home price growth according to First American (FAF)?
What factors could impact home price growth in the coming months according to First American's analysis?
Which cities are experiencing more buyer-friendly conditions according to the February 2025 First American report?
How does First American (FAF) segment home prices in their HPI report?
