Dallas-Plano-Irving Home Prices Up 1.8% Year Over Year in September, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its September 2024 Home Price Index (HPI) report, revealing that Dallas-Plano-Irving home prices increased 1.8% year-over-year. The report tracks home price changes at national, state, and metropolitan levels, including price tiers for starter, mid, and luxury homes.
Key findings for the Dallas-Plano-Irving market:
- Month-over-month change (August-September 2024): +0.3%
- Year-over-year change (September 2023-September 2024): +1.8%
Nationally, the HPI showed a 3.9% year-over-year increase, with annual house price appreciation slowing for the ninth consecutive month. Chief Economist Mark Fleming noted that while home prices reached a new record high in September, the pace of growth continues to slow. He suggested that lower mortgage rates could stimulate demand in the coming months, potentially leading to accelerated price appreciation if housing supply doesn't increase.
First American Data & Analytics ha pubblicato il suo rapporto sull'Indice dei Prezzi delle Case (HPI) di settembre 2024, rivelando che i prezzi delle case a Dallas-Plano-Irving sono aumentati dell'1,8% su base annua. Il rapporto monitora le variazioni dei prezzi delle case a livello nazionale, statale e metropolitano, inclusi i livelli di prezzo per case di partenza, medie e di lusso.
Principali risultati per il mercato di Dallas-Plano-Irving:
- Variazione mese su mese (agosto-settembre 2024): +0,3%
- Variazione anno su anno (settembre 2023-settembre 2024): +1,8%
A livello nazionale, l'HPI ha mostrato un aumento del 3,9% su base annua, con l'apprezzamento annuale dei prezzi delle case che rallenta per il nono mese consecutivo. Il capo economista Mark Fleming ha osservato che, sebbene i prezzi delle case abbiano raggiunto un nuovo massimo storico a settembre, il ritmo di crescita continua a rallentare. Ha suggerito che tassi di interesse ipotecari più bassi potrebbero stimolare la domanda nei prossimi mesi, potenzialmente portando a un'accelerazione dell'apprezzamento dei prezzi se l'offerta di abitazioni non aumenterà.
First American Data & Analytics publicó su informe del Índice de Precios de Viviendas (HPI) de septiembre de 2024, revelando que los precios de las viviendas en Dallas-Plano-Irving aumentaron un 1.8% en comparación con el año anterior. El informe realiza un seguimiento de los cambios en los precios de las viviendas a nivel nacional, estatal y metropolitano, incluyendo los niveles de precios para viviendas de inicio, medias y de lujo.
Hallazgos clave para el mercado de Dallas-Plano-Irving:
- Cambio mes a mes (agosto-septiembre 2024): +0.3%
- Cambio año a año (septiembre 2023-septiembre 2024): +1.8%
A nivel nacional, el HPI mostró un aumento del 3.9% interanual, con el aumento anual de los precios de las viviendas desacelerándose por noveno mes consecutivo. El economista jefe Mark Fleming señaló que, aunque los precios de las viviendas alcanzaron un nuevo máximo histórico en septiembre, el ritmo de crecimiento sigue disminuyendo. Sugerió que tasas de interés hipotecarias más bajas podrían estimular la demanda en los próximos meses, llevando potencialmente a una aceleración de la apreciación de precios si la oferta de viviendas no aumenta.
퍼스트 아메리칸 데이터 & 애널리틱스는 2024년 9월 주택 가격 지수(HPI) 보고서를 발표하며, 달라스-플라노-어빙의 주택 가격이 전년 대비 1.8% 증가했다고 밝혔습니다. 이 보고서는 국가적, 주별 및 대도시 수준에서 주택 가격 변화를 추적하며, 초급, 중가 및 고급 주택에 대한 가격 계층을 포함합니다.
달라스-플라노-어빙 시장의 주요 발견:
- 월간 변화 (2024년 8월-9월): +0.3%
- 연간 변화 (2023년 9월-2024년 9월): +1.8%
전국적으로 HPI는 전년 대비 3.9% 증가를 보였으며, 주택 가격의 연간 상승률은 9개월 연속 둔화되고 있습니다. 수석 경제학자 마크 플레밍은 주택 가격이 9월에 새로운 최고치를 기록했지만 성장 속도가 계속 둔화되고 있다고 언급했습니다. 그는 낮은 모기지 금리가 향후 몇 달 동안 수요를 자극할 수 있으며, 주택 공급이 증가하지 않으면 가격 상승이 가속화될 수 있다고 제안했습니다.
First American Data & Analytics a publié son rapport sur l'Indice des Prix des Maisons (HPI) de septembre 2024, révélant que les prix des maisons à Dallas-Plano-Irving ont augmenté de 1,8 % par rapport à l'an dernier. Le rapport suit les changements de prix des maisons à l'échelle nationale, étatique et métropolitaine, y compris les niveaux de prix pour les maisons de départ, intermédiaires et de luxe.
Résultats clés pour le marché de Dallas-Plano-Irving :
- Changement mois par mois (août-septembre 2024) : +0,3 %
- Changement sur un an (septembre 2023-septembre 2024) : +1,8 %
À l'échelle nationale, l'HPI a montré une augmentation de 3,9 % d'une année sur l'autre, l'appréciation annuelle des prix des maisons ralentissant pour le neuvième mois consécutif. L'économiste en chef Mark Fleming a noté que, bien que les prix des maisons aient atteint un nouveau sommet historique en septembre, le rythme de croissance continue de ralentir. Il a suggéré que des taux d'intérêt hypothécaires plus bas pourraient stimuler la demande dans les mois à venir, ce qui pourrait entraîner une appréciation accélérée des prix si l'offre de logements n'augmente pas.
First American Data & Analytics hat ihren Bericht zum Hauspreisindex (HPI) für September 2024 veröffentlicht, der zeigt, dass die Hauspreise in Dallas-Plano-Irving im Jahresvergleich um 1,8% gestiegen sind. Der Bericht verfolgt die Preisänderungen von Immobilien auf nationaler, staatlicher und metropolitaner Ebene, einschließlich der Preisklassen für Einstiegs-, Mittel- und Luxusimmobilien.
Wichtige Ergebnisse für den Markt Dallas-Plano-Irving:
- Monatsvergleich (August-September 2024): +0,3%
- Jahresvergleich (September 2023-September 2024): +1,8%
National stieg der HPI um 3,9% im Jahresvergleich, während die jährliche Wertsteigerung der Hauspreise im neunten Monat in Folge langsamer wurde. Chefökonom Mark Fleming bemerkte, dass die Hauspreise im September einen neuen Rekordhoch erreichten, aber das Wachstumstempo weiter nachlässt. Er ließ anklingen, dass sinkende Hypothekenzinsen die Nachfrage in den kommenden Monaten ankurbeln könnten, was möglicherweise zu einer beschleunigten Preissteigerung führen könnte, wenn das Wohnungsangebot nicht steigt.
- None.
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House Price Growth Nationally Slips to Slowest Pace in Over a Year
—Slowdown Likely to Continue in the Near Term, but a Re-Acceleration May be on the Horizon, says Chief Economist Mark Fleming—
September1 Home Price Index
|
|
Metric |
Change in HPI |
August-September 2024 (month over month) |
+0.3 percent |
September 2023-September 2024 (year over year) |
+1.8 percent |
National HPI |
|
Metric |
Change in HPI |
August-September 2024 (month over month) |
+0.1 percent |
September 2023-September 2024 (year over year) |
+3.9 percent |
Chief Economist National HPI Analysis:
“Annual house price appreciation nationally slowed for the ninth consecutive month, falling to the slowest pace since the summer of 2023,” said Mark Fleming, chief economist at First American. “While home prices reached a new record high in September, the pace of growth continues to slow. Lower mortgage rates have improved affordability, which will likely stimulate demand in the coming months, especially if rates continue to ease. If housing supply does not increase amid that potential increased demand, it’s possible that price appreciation could accelerate again.”
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 |
|
|
|
|
“Price appreciation in 11 metros outpaced the national 3.9 percent annual increase, and house prices increased year over year in most markets we track as well,” said Fleming. “The ongoing price pressures in the starter home price tier across many markets highlights strong demand from first-time home buyers now armed with improved house-buying power, who face limited inventory at this price point.”
September 2024 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 |
|
+10.5 percent |
+2.6 percent |
+1.3 percent |
|
+8.0 percent |
+4.0 percent |
+4.9 percent |
|
+7.1 percent |
+6.3 percent |
+5.3 percent |
|
+6.9 percent |
+3.4 percent |
+5.5 percent |
|
+6.7 percent |
+7.7 percent |
+4.1 percent |
Additional September 2024 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 |
|
+6.3 percent |
|
+5.3 percent |
|
+5.2 percent |
|
+5.1 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decrease in HPI |
|
|
-5.8 percent |
|
-0.3 percent |
|
-0.3 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 November 18, 2024.
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. © 2024 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 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/20241016519254/en/
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Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298
Investor Contact:
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Investor Relations
First American Financial Corporation
(714) 250-5214
Source: First American Data & Analytics
FAQ
What was the year-over-year home price change for Dallas-Plano-Irving in September 2024?
How did Dallas-Plano-Irving's home price growth compare to the national average in September 2024?
What were the price tier changes for Dallas-Plano-Irving from September 2023 to September 2024?
Which Core-Based Statistical Area (CBSA) had the highest starter tier HPI increase in September 2024?
What did First American's Chief Economist predict about future home price trends?
