Houston-The Woodlands-Sugar Land Home Prices Up 1.4% 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 Houston-The Woodlands-Sugar Land area increased by 1.4% 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 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. In contrast, the Northeast region maintains stronger price growth due to new construction and tight inventories.
Despite mortgage rates retreating in February, the current softening in home price growth reflects earlier sales contracts when rates exceeded 7%. Fleming suggests that recent rate declines and seasonal demand could lead to accelerated price growth in coming months, particularly 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 Houston-The Woodlands-Sugar Land sono aumentati del 1,4% rispetto all'anno precedente. Secondo il Chief Economist Mark Fleming, la crescita dei prezzi delle case a livello nazionale ha raggiunto il suo ritmo più lento dal marzo 2012.
Il rapporto evidenzia che i mercati del Sunbelt stanno vivendo la crescita dei prezzi delle case più lenta 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 un significativo sviluppo edilizio. Al contrario, la regione del Northeast mantiene una crescita dei prezzi più forte grazie a nuove costruzioni e scorte limitate.
Nonostante i tassi di interesse sui mutui siano diminuiti a febbraio, l'attuale rallentamento nella crescita dei prezzi delle case riflette contratti di vendita precedenti quando i tassi superavano il 7%. Fleming suggerisce che i recenti cali dei tassi e la domanda stagionale potrebbero portare a una crescita accelerata dei prezzi nei prossimi mesi, in particolare 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 viviendas en el área de Houston-The Woodlands-Sugar Land aumentaron un 1.4% interanual. Según el economista jefe Mark Fleming, el crecimiento de los precios de las casas a nivel nacional ha alcanzado su ritmo más lento desde marzo de 2012.
El informe destaca 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 de inventario por la significativa construcción de viviendas. En contraste, la región del Noreste mantiene un crecimiento de precios más fuerte debido a la nueva construcción y a los inventarios ajustados.
A pesar de que las tasas hipotecarias retrocedieron en febrero, el actual enfriamiento en el crecimiento de los precios de las viviendas refleja contratos de venta anteriores cuando las tasas superaban el 7%. Fleming sugiere que las recientes caídas en las tasas y la demanda estacional podrían llevar a un crecimiento acelerado de los precios en los próximos meses, particularmente en los mercados donde la demanda supera la oferta.
퍼스트 아메리칸 데이터 & 애널리틱스가 2025년 2월 주택 가격 지수(HPI) 보고서를 발표했으며, 휴스턴-더 우드랜즈-슈가 랜드 지역의 주택 가격이 전년 대비 1.4% 증가했다고 밝혔습니다. 수석 경제학자 마크 플레밍에 따르면, 전국 주택 가격 성장률은 2012년 3월 이후 가장 느린 속도에 도달했습니다.
보고서는 선벨트 시장이 추적된 시장 중에서 가장 느린 주택 가격 성장을 경험하고 있으며, 탬파와 피닉스와 같은 도시들은 상당한 주택 건설로 인해 더 많은 재고가 생기면서 구매자에게 유리한 조건을 보이고 있다고 강조합니다. 반면, 북동부 지역은 새로운 건설과 제한된 재고로 인해 더 강한 가격 성장을 유지하고 있습니다.
2월에 모기지 금리가 하락했음에도 불구하고, 현재의 주택 가격 성장 둔화는 금리가 7%를 초과했을 때의 이전 판매 계약을 반영하고 있습니다. 플레밍은 최근 금리 하락과 계절적 수요가 수요가 공급을 초과하는 시장에서 향후 몇 달 동안 가격 성장이 가속화될 수 있다고 제안합니다.
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 Houston-The Woodlands-Sugar Land ont augmenté de 1,4 % par rapport à l'année précédente. Selon l'économiste en chef Mark Fleming, la croissance des prix des maisons à l'échelle nationale a atteint son rythme le plus lent depuis mars 2012.
Le rapport souligne que les marchés du Sunbelt connaissent la croissance des prix des maisons la plus lente parmi les marchés suivis, avec des villes comme Tampa et Phoenix montrant des conditions plus favorables aux acheteurs en raison de l'augmentation de l'inventaire due à une construction de logements significative. En revanche, la région du Nord-Est maintient une croissance des prix plus forte grâce à de nouvelles constructions et à des stocks serrés.
Bien que les taux hypothécaires aient reculé en février, le ralentissement actuel de la croissance des prix des maisons reflète des contrats de vente antérieurs lorsque les taux dépassaient 7 %. Fleming suggère que les récents baisses de taux et la demande saisonnière pourraient conduire à une croissance accélérée des prix dans les mois à venir, en particulier sur les marchés où la demande dépasse l'offre.
First American Data & Analytics hat ihren Bericht über den Hauspreisindex (HPI) für Februar 2025 veröffentlicht, der zeigt, dass die Hauspreise im Gebiet Houston-The Woodlands-Sugar Land um 1,4% im Vergleich zum Vorjahr gestiegen sind. Laut Chefökonom Mark Fleming hat das nationale Wachstum der Hauspreise das langsamste Tempo seit März 2012 erreicht.
Der Bericht hebt hervor, dass die Sunbelt-Märkte das langsamste Wachstum der Hauspreise unter den überwachten Märkten erleben, wobei Städte wie Tampa und Phoenix aufgrund eines erhöhten Bestands durch signifikanten Wohnungsbau freundlichere Bedingungen für Käufer aufweisen. Im Gegensatz dazu verzeichnet die Nordostregion ein stärkeres Preiswachstum aufgrund neuer Bauprojekte und knapper Bestände.
Trotz des Rückgangs der Hypothekenzinsen im Februar spiegelt die derzeitige Abschwächung des Wachstums der Hauspreise frühere Verkaufsverträge wider, als die Zinsen über 7% lagen. Fleming schlägt vor, dass die jüngsten Rückgänge der Zinsen und die saisonale Nachfrage in den kommenden Monaten zu einem beschleunigten Preiswachstum führen könnten, insbesondere in Märkten, 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) |
+0.5 percent |
February 2024-February 2025 (year over year) |
+1.4 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 Fleming. “Significant home building in many of those markets has increased inventory, easing price pressure. Markets where home prices are slowing, making for a more buyer-friendly conditions include
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/20250318653850/en/
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First American Financial Corporation
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Source: First American Data & Analytics
FAQ
What is the current home price growth rate in Houston-The Woodlands-Sugar Land area for February 2025?
Why are Sunbelt markets showing slower home price growth according to First American (FAF)?
How might recent mortgage rate changes affect future home prices according to FAF's analysis?
What distinguishes the Northeast housing market from other regions in the February 2025 FAF report?
Which major cities are showing more buyer-friendly conditions according to the February 2025 FAF report?
