Dallas-Plano-Irving Home Prices Up 2.0% Year Over Year in July, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its July 2024 Home Price Index (HPI) report, revealing that Dallas-Plano-Irving home prices increased by 2.0% year-over-year. The national HPI showed a 5.3% year-over-year increase, marking the seventh consecutive month of slowing annualized house price appreciation.
Chief Economist Mark Fleming noted that elevated mortgage rates have driven affordability to near-record lows, contributing to a cooling but still positive pace of appreciation. In the Dallas-Plano-Irving metro area, the luxury tier saw the highest price growth at 4.3%, while starter and mid-tier homes both increased by 1.4%.
The report also highlighted significant price increases in markets like Pittsburgh (+13.5% in starter homes) and Anaheim, Calif. (+9.9% overall). Conversely, some markets experienced price declines, including Austin, Texas (-1.0%) and Tampa, Fla. (-0.7%).
First American Data & Analytics ha pubblicato il suo rapporto sull'Indice dei Prezzi delle Case (HPI) di luglio 2024, rivelando che i prezzi delle case a Dallas-Plano-Irving sono aumentati del 2,0% rispetto all'anno precedente. L'HPI nazionale ha registrato un incremento del 5,3% su base annua, segnando il settimo mese consecutivo di rallentamento nell'apprezzamento annualizzato dei prezzi delle case.
Il Capo Economista Mark Fleming ha osservato che i tassi ipotecari elevati hanno portato l'accessibilità a livelli quasi record, contribuendo a un raffreddamento pur mantenendo un ritmo di apprezzamento ancora positivo. Nell'area metropolitana di Dallas-Plano-Irving, il settore del lusso ha visto la crescita dei prezzi più alta, con un aumento del 4,3%, mentre le case di partenza e di fascia media sono aumentate entrambe del 1,4%.
Il rapporto ha anche evidenziato aumenti significativi dei prezzi in mercati come Pittsburgh (+13,5% per le case di partenza) e Anaheim, California (+9,9% nel complesso). Al contrario, alcuni mercati hanno registrato cali dei prezzi, tra cui Austin, Texas (-1,0%) e Tampa, Florida (-0,7%).
First American Data & Analytics publicó su informe del Índice de Precios de Viviendas (HPI) de julio de 2024, revelando que los precios de las viviendas en Dallas-Plano-Irving aumentaron un 2.0% interanual. El HPI nacional mostró un aumento del 5.3% en comparación con el año anterior, marcando el séptimo mes consecutivo de desaceleración en la apreciación anualizada de los precios de las viviendas.
El economista jefe Mark Fleming señaló que las tasas hipotecarias elevadas han llevado la asequibilidad a niveles cercanos a los récords, contribuyendo a una desaceleración aunque con un ritmo de apreciación aún positivo. En el área metropolitana de Dallas-Plano-Irving, el nivel de lujo tuvo el mayor crecimiento de precios con un 4.3%, mientras que las viviendas iniciales y de gama media aumentaron ambas un 1.4%.
El informe también destacó aumentos significativos de precios en mercados como Pittsburgh (+13.5% en viviendas iniciales) y Anaheim, California (+9.9% en total). Por el contrario, algunos mercados experimentaron caídas en los precios, incluyendo Austin, Texas (-1.0%) y Tampa, Florida (-0.7%).
First American Data & Analytics는 2024년 7월 주택 가격 지수(HPI) 보고서를 발표하며 달라스-플라노-어빙의 주택 가격이 전년 대비 2.0% 증가했다고 밝혔습니다. 전국 HPI는 전년 대비 5.3% 증가하면서 7개월 연속으로 연간 주택 가격 상승률이 둔화되고 있다는 것을 나타냈습니다.
首席 경제학자 Mark Fleming은 높은 모기지 금리가 주택 구매력을 거의 사상 최저 수준으로 낮추어, 냉각되면서도 여전히 긍정적인 상승세에 기여하고 있다고 언급했습니다. 달라스-플라노-어빙 메트로 지역에서는 럭셔리 섹터의 가격이 4.3%로 가장 높은 성장률을 보였고, 스타터 및 중간 가격대의 주택은 각각 1.4% 증가했습니다.
보고서는 피츠버그(스타터 주택 13.5% 증가)와 캘리포니아 애너하임(전체 9.9% 증가)와 같은 시장에서의 유의미한 가격 상승을 강조했습니다. 반면, 텍사스 오스틴(-1.0%)과 플로리다 탬파(-0.7%)를 포함한 일부 시장은 가격 하락을 경험했습니다.
First American Data & Analytics a publié son rapport de juillet 2024 sur l'Indice des Prix des Maisons (HPI), révélant que les prix des maisons à Dallas-Plano-Irving ont augmenté de 2,0% par rapport à l'année dernière. L'HPI national a montré une augmentation de 5,3% sur un an, marquant le septième mois consécutif de ralentissement de l'appréciation annuelle des prix des maisons.
Le chef économiste Mark Fleming a noté que des taux hypothécaires élevés ont fait chuter l'accessibilité à des niveaux presque records, contribuant à un refroidissement tout en maintenant un rythme d'appréciation encore positif. Dans la région métropolitaine de Dallas-Plano-Irving, le segment de luxe a connu la plus forte croissance des prix avec 4,3%, tandis que les maisons d'entrée de gamme et de milieu de gamme ont augmenté toutes deux de 1,4%.
Le rapport a également mis en lumière des augmentations de prix significatives dans des marchés comme Pittsburgh (+13,5% pour les maisons d'entrée de gamme) et Anaheim, Californie (+9,9% au total). En revanche, certains marchés ont connu des baisses de prix, notamment Austin, Texas (-1,0%) et Tampa, Floride (-0,7%).
First American Data & Analytics hat seinen Bericht zum Hauspreisindex (HPI) für Juli 2024 veröffentlicht, in dem die Hauspreise in Dallas-Plano-Irving im Vergleich zum Vorjahr um 2,0% gestiegen sind. Der nationale HPI verzeichnete einen Anstieg von 5,3% im Jahresvergleich und markierte den siebten Monat in Folge mit einer Verlangsamung der annualisierten Hauspreissteigerung.
Der Chefökonom Mark Fleming stellte fest, dass die hohen Hypothekenzinsen die Erschwinglichkeit auf nahezu Rekordtiefstände gedrückt haben, was zu einer Abkühlung, aber dennoch positiven Entwicklung der Preissteigerung beiträgt. Im Raum Dallas-Plano-Irving verzeichnete die Luxusklasse mit 4,3% das größte Preiswachstum, während Starter- und Mittelschichtwohnungen jeweils um 1,4% stiegen.
Der Bericht hob auch signifikante Preiserhöhungen in Märkten wie Pittsburgh (+13,5% bei Starterwohnungen) und Anaheim, Kalifornien (+9,9% insgesamt) hervor. Im Gegensatz dazu erlebten einige Märkte Preisrückgänge, darunter Austin, Texas (-1,0%) und Tampa, Florida (-0,7%).
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Slowdown in National House Price Growth Seeps into Seventh Straight Month
—House Prices in Several Top Markets are Now Falling, says Chief Economist Mark—
July1 Home Price Index
|
|
Metric |
Change in HPI |
June-July 2024 (month over month) |
+2.0 percent |
July 2023-July 2024 (year over year) |
+0.8 percent |
National HPI |
|
Metric |
Change in HPI |
June-July 2024 (month over month) |
+0.3 percent |
July 2023-July 2024 (year over year) |
+5.3 percent |
Chief Economist National HPI Analysis:
“July marked the seventh consecutive month of slowing annualized house price appreciation. Elevated mortgage rates have driven affordability to near-record lows, leaving many buyers on the sidelines and keeping sellers rate locked-in,” said Mark Fleming, chief economist at First American. “The combination of the severely unaffordable market conditions and the rate lock-in effect has largely frozen home buying and selling, contributing to the cooling but still positive pace of appreciation. However, the prospect of Federal Reserve interest rate cuts this fall has already sent mortgage rates lower in August, which may spur some buyers and sellers to act and begin to defrost market transaction volume.”
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 |
|
|
|
|
“While the national house price trend is interesting, real estate is inherently local and prices are not appreciating in all markets,” said
July 2024 First American Data & Analytics Price Tier HPI Highlights
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 |
|
+13.5 percent |
+5.4 percent |
+2.9 percent |
|
+10.3 percent |
+3.9 percent |
+4.1 percent |
|
+7.5 percent |
+3.7 percent |
-1.7 percent |
|
+7.4 percent |
+9.4 percent |
+12.6 percent |
|
+7.4 percent |
+4.5 percent |
+0.7 percent |
Additional July 2024 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+9.9 percent |
|
+6.9 percent |
|
+6.8 percent |
|
+6.7 percent |
|
+6.1 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decrease in HPI |
|
|
-1.0 percent |
|
-0.9 percent |
|
-0.7 percent |
HPI data for all 50 states and the largest 30 CBSAs by population is available here.
Next Release
The next release of the First American Data & Analytics House Price Index will take place the week of September 17, 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 prices 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.
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Corporate Communications
First American Financial Corporation
(714) 250-3298
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First American Financial Corporation
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Source: First American Data & Analytics
FAQ
What was the year-over-year home price change for Dallas-Plano-Irving in July 2024?
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