Dallas-Plano-Irving Home Prices Up 2.0% Year Over Year in November, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its November 2024 Home Price Index (HPI) report, showing that the Dallas-Plano-Irving market experienced a 2.0% year-over-year increase in home prices and a 0.2% month-over-month rise. The national HPI showed a 3.9% year-over-year increase and a slight -0.01% month-over-month decrease.
In the Dallas-Plano-Irving metro area, price tier analysis revealed varying growth rates: starter homes increased by 1.0%, mid-tier properties by 1.1%, and luxury homes showed the strongest growth at 4.4%. Nationally, only two markets experienced year-over-year price declines: Tampa, Florida (-3.3%) and Oakland, California (-0.3%). The top performing market was Anaheim, California, with a 7.7% increase.
First American Data & Analytics ha pubblicato il rapporto sull'indice dei prezzi delle abitazioni (HPI) di novembre 2024, che mostra come il mercato di Dallas-Plano-Irving abbia registrato un aumento del 2,0% su base annua nei prezzi delle abitazioni e un aumento dello 0,2% su base mensile. L'HPI nazionale ha mostrato un aumento del 3,9% su base annua e una leggera decremento dello -0,01% su base mensile.
Nell'area metropolitana di Dallas-Plano-Irving, l'analisi per fasce di prezzo ha rivelato tassi di crescita variabili: le abitazioni per iniziare sono cresciute dell'1,0%, le proprietà di fascia media dell'1,1% e le abitazioni di lusso hanno mostrato la crescita più forte con un +4,4%. A livello nazionale, solo due mercati hanno subito diminuzioni dei prezzi su base annua: Tampa, Florida (-3,3%) e Oakland, California (-0,3%). Il mercato con la migliore performance è stato Anaheim, California, con un incremento del 7,7%.
First American Data & Analytics publicó su informe del índice de precios de viviendas (HPI) de noviembre de 2024, que muestra que el mercado de Dallas-Plano-Irving experimentó un incremento del 2,0% interanual en los precios de las viviendas y un aumento del 0,2% intermensual. El HPI nacional mostró un aumento del 3,9% interanual y una leve disminución del -0,01% intermensual.
En el área metropolitana de Dallas-Plano-Irving, el análisis por niveles de precio reveló diversas tasas de crecimiento: las viviendas iniciales aumentaron un 1,0%, las propiedades de nivel medio un 1,1% y las viviendas de lujo mostraron el mayor crecimiento con un 4,4%. A nivel nacional, solo dos mercados experimentaron caídas de precios interanuales: Tampa, Florida (-3,3%) y Oakland, California (-0,3%). El mercado de mejor rendimiento fue Anaheim, California, con un incremento del 7,7%.
퍼스트 아메리칸 데이터 & 분석는 2024년 11월 주택 가격 지수(HPI) 보고서를 발표했으며, 달라스-플라노-어빙 시장이 전년 대비 2.0% 증가와 전월 대비 0.2% 증가를 경험했다고 밝혔습니다. 전국 HPI는 전년 대비 3.9% 증가를 보였고 전월 대비 -0.01%의 약간의 감소를 기록했습니다.
달라스-플라노-어빙 대도시 지역에서는 가격 범위 분석을 통해 성장률의 차이를 보였으며, 스타터 주택은 1.0% 증가, 중간 가격대의 부동산은 1.1% 증가, 고급 주택은 4.4%로 가장 강한 성장을 보였습니다. 전국적으로는 두 개의 시장만이 전년 대비 가격 하락을 경험했습니다: 플로리다주 탬파(-3.3%)와 캘리포니아주 오클랜드(-0.3%). 최고의 성과를 거둔 시장은 캘리포니아주 애너하임으로, 7.7%의 증가를 기록했습니다.
First American Data & Analytics a publié son rapport sur l'indice des prix des logements (HPI) de novembre 2024, montrant que le marché de Dallas-Plano-Irving a connu une augmentation de 2,0% sur un an des prix des logements et une hausse de 0,2% sur un mois. L'HPI national a affiché une augmentation de 3,9% sur un an et une légère diminution de -0,01% sur un mois.
Dans la région métropolitaine de Dallas-Plano-Irving, l'analyse par tranches de prix a révélé des taux de croissance variés : les maisons de départ ont augmenté de 1,0%, les propriétés de milieu de gamme de 1,1% et les maisons de luxe ont affiché la plus forte croissance avec 4,4%. À l'échelle nationale, seuls deux marchés ont connu des baisses de prix sur un an : Tampa, Floride (-3,3%) et Oakland, Californie (-0,3%). Le marché le plus performant était Anaheim, Californie, avec une augmentation de 7,7%.
First American Data & Analytics hat seinen Bericht über den Wohnen-Preise-Index (HPI) für November 2024 veröffentlicht, der zeigt, dass der Markt in Dallas-Plano-Irving einen Jahresanstieg von 2,0% bei den Hauspreisen und einen monatlichen Anstieg von 0,2% verzeichnete. Der nationale HPI verzeichnete einen Jahresanstieg von 3,9% und einen leichten Rückgang von -0,01% im Vergleich zum Vormonat.
Im Ballungsraum Dallas-Plano-Irving zeigte die Analyse der Preisstufen unterschiedliche Wachstumsraten: Starterhäuser stiegen um 1,0%, mittelpreisige Immobilien um 1,1% und Luxusimmobilien wiesen das stärkste Wachstum mit 4,4% auf. National erlebten nur zwei Märkte einen Preisrückgang im Jahresvergleich: Tampa, Florida (-3,3%) und Oakland, Kalifornien (-0,3%). Der leistungsstärkste Markt war Anaheim, Kalifornien, mit einem Anstieg von 7,7%.
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National House Prices Hover Near Historical Norms
—Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, says Chief Economist Mark Fleming—
November1 Home Price Index
|
|
Metric |
Change in HPI |
October-November 2024 (month over month) |
+0.2 percent |
November 2023-November 2024 (year over year) |
+2.0 percent |
National HPI |
|
Metric |
Change in HPI |
October-November 2024 (month over month) |
-0.01 percent |
November 2023-November 2024 (year over year) |
+3.9 percent |
Chief Economist National HPI Analysis:
“After a nearly year-long slow down, national house prices re-accelerated modestly for the first time since December 2023 on an annualized basis, but remain in line with historical norms,” said Mark Fleming, chief economist at First American. “As the housing market adjusts to the new normal of higher mortgage rates, buyers and sellers are gradually returning, supported by a healthy labor market and more homes for sale compared to last year. The result is steady, single-digit house price growth, reflecting a market returning to normal following the pandemic-to-post-pandemic roller-coaster ride.”
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 some may have expected sustained higher mortgage rates to drive widespread house price declines, prices have proven resilient, falling in only two markets year over year last month,” said Fleming. “House prices tend to be ‘downside sticky’ because home sellers would rather withdraw from the market than sell at a discount.”
November 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 |
|
+7.9 percent |
+8.2 percent |
+2.3 percent |
|
+6.2 percent |
+3.0 percent |
+1.8 percent |
|
+6.1 percent |
+5.8 percent |
+6.2 percent |
|
+5.7 percent |
+5.8 percent |
+5.6 percent |
|
+5.5 percent |
+6.3 percent |
+6.0 percent |
Additional November 2024 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+7.7 percent |
|
+5.4 percent |
|
+5.3 percent |
|
+5.1 percent |
|
+5.0 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-3.3 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 January 20, 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. © 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241226625474/en/
Media Contact:
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Corporate Communications
First American Financial Corporation
(714) 250-3298
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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 in Dallas-Plano-Irving for November 2024?
How did luxury home prices perform compared to starter homes in Dallas-Plano-Irving?
Which markets showed price declines in the November 2024 First American HPI report?
What was the highest performing market in the November 2024 HPI report?
How did national home prices perform in November 2024 according to First American (FAF)?
