Houston-The Woodlands-Sugar Land Home Prices Up 1.9% 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, revealing that the Houston-The Woodlands-Sugar Land area experienced a 1.9% year-over-year price increase. The national HPI showed a 3.9% year-over-year increase, with prices remaining aligned with historical norms.
In the Houston metro area, price growth varied across segments: starter homes rose 1.1%, mid-tier properties increased 2.7%, and luxury homes saw the highest growth at 3.8%. 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.
Chief Economist Mark Fleming noted that despite higher mortgage rates, house prices have proven resilient, supported by a healthy labor market and increased housing inventory compared to the previous year.
First American Data & Analytics ha pubblicato il rapporto sull'Indice dei Prezzi delle Case (HPI) di novembre 2024, rivelando che l'area Houston-The Woodlands-Sugar Land ha registrato un incremento del 1.9% rispetto all'anno precedente. L'HPI nazionale ha mostrato un aumento del 3.9% rispetto all'anno precedente, con i prezzi che rimangono in linea con le norme storiche.
Nell'area metropolitana di Houston, la crescita dei prezzi è variata tra i diversi segmenti: le case per i primi acquirenti sono aumentate dell'1.1%, le proprietà di fascia media sono aumentate del 2.7% e le case di lusso hanno visto la maggiore crescita con un incremento del 3.8%. A livello nazionale, solo due mercati hanno registrato cali dei prezzi rispetto all'anno precedente: Tampa, Florida (-3.3%) e Oakland, California (-0.3%). Il mercato con le migliori performance è stato Anaheim, California, con un incremento del 7.7%.
Il Capo Economista Mark Fleming ha osservato che nonostante i tassi di interesse sui mutui più elevati, i prezzi delle case hanno dimostrato una resilienza, sostenuti da un mercato del lavoro sano e da un aumento dell'inventario abitativo rispetto all'anno precedente.
First American Data & Analytics publicó su informe del Índice de Precios de Viviendas (HPI) de noviembre de 2024, revelando que el área de Houston-The Woodlands-Sugar Land experimentó un aumento del 1.9% interanual. El HPI nacional mostró un aumento del 3.9% interanual, con los precios manteniéndose alineados con las normas históricas.
En el área metropolitana de Houston, el crecimiento de precios varió entre los segmentos: las casas de iniciación subieron un 1.1%, las propiedades de nivel medio aumentaron un 2.7%, y las casas de lujo vieron el mayor crecimiento, del 3.8%. A nivel nacional, solo dos mercados experimentaron caídas de precios interanuales: Tampa, Florida (-3.3%) y Oakland, California (-0.3%). El mercado con mejor desempeño fue Anaheim, California, con un incremento del 7.7%.
El Economista Jefe Mark Fleming observó que, a pesar de las tasas hipotecarias más altas, los precios de las casas han demostrado ser resistentes, apoyados por un mercado laboral saludable y un aumento en el inventario de viviendas en comparación con el año anterior.
퍼스트 아메리칸 데이터와 분석가 2024년 11월 주택가격지수(HPI) 보고서를 발표했으며, 휴스턴-우드랜즈-설탕 랜드 지역이 전년 대비 1.9%의 가격 상승을 경험했다고 밝혔습니다. 전국 HPI는 3.9%의 전년 대비 증가를 보였으며, 가격은 역사적 규범과 일치하게 유지되고 있습니다.
휴스턴 메트로 지역에서는 가격 성장률이 부문에 따라 달라졌습니다: 시작 주택이 1.1% 상승했고, 중간 가격대의 부동산은 2.7% 증가했으며, 고급 주택은 3.8%로 가장 높은 성장률을 보였습니다. 전국적으로 오직 두 개의 시장만이 전년 대비 가격 하락을 경험했습니다: 플로리다주 탬파(-3.3%)와 캘리포니아주 오클랜드(-0.3%)입니다. 최고의 시장 성능을 보인 곳은 캘리포니아주 애너하임으로, 7.7% 상승했습니다.
수석 경제학자 마크 플레밍은 높은 모기지 금리에도 불구하고 주택 가격이 탄력성을 보여주었으며, 이는 건강한 노동 시장과 지난해에 비해 증가한 주택 재고에 의해 뒷받침된 것이라고 언급했습니다.
First American Data & Analytics a publié son rapport sur l'Indice des Prix des Maisons (HPI) pour novembre 2024, révélant que la région Houston-The Woodlands-Sugar Land a connu une augmentation de 1,9% par rapport à l'année précédente. L'HPI national a affiché une hausse de 3,9% par rapport à l'année précédente, les prix restant alignés avec les normes historiques.
Dans la région métropolitaine de Houston, la croissance des prix variait selon les segments : les maisons de première acquisition ont augmenté de 1,1%, les propriétés de milieu de gamme ont augmenté de 2,7%, et les maisons de luxe ont connu la plus forte croissance à 3,8%. À l'échelle nationale, seuls deux marchés ont enregistré des baisses des prix d'une année sur l'autre : Tampa, Floride (-3,3%) et Oakland, Californie (-0,3%). Le marché le plus performant était Anaheim, Californie, avec une augmentation de 7,7%.
Le chef économiste Mark Fleming a noté qu'en dépit de taux hypothécaires plus élevés, les prix des maisons ont prouvé leur résilience, soutenus par un marché du travail sain et une augmentation de l'inventaire de logements par rapport à l'année précédente.
First American Data & Analytics hat den Bericht zum Hauspreisindex (HPI) für November 2024 veröffentlicht, der zeigt, dass die Region Houston-The Woodlands-Sugar Land einen Preisanstieg von 1,9% im Jahresvergleich verzeichnete. Der nationale HPI zeigte einen Anstieg von 3,9% im Jahresvergleich, wobei die Preise im Einklang mit den historischen Normen blieben.
Im Großraum Houston variierte das Preiswachstum je nach Segment: Starterhäuser stiegen um 1,1%, Immobilien der mittleren Preisklasse erhöhten sich um 2,7% und Luxuswohnungen verzeichneten mit 3,8% das höchste Wachstum. National erlebten nur zwei Märkte einen Preisanstieg im Jahresvergleich: Tampa, Florida (-3,3%) und Oakland, Kalifornien (-0,3%). Der beste Markt war Anaheim, Kalifornien, mit einem Anstieg von 7,7%.
Chefökonom Mark Fleming stellte fest, dass die Hauspreise trotz höherer Hypothekenzinsen widerstandsfähig geblieben sind, unterstützt von einem gesunden Arbeitsmarkt und einem Anstieg des Wohnungsangebots im Vergleich zum Vorjahr.
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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) |
+0.1 percent |
November 2023-November 2024 (year over year) |
+1.9 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.
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First American Financial Corporation
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Source: First American Data & Analytics
FAQ
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