Houston-The Woodlands-Sugar Land Home Prices Up 2.4% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report
Houston-The Woodlands-Sugar Land home prices increased by 2.4% year-over-year in October 2024, with a month-over-month growth of 0.5%. The national Home Price Index showed a 3.8% year-over-year increase, while experiencing a slight decline of -0.05% month-over-month.
In the Houston metro area, price growth varied across segments: starter homes rose by 1.5%, mid-tier properties by 3.5%, and luxury homes by 3.7%. Chief Economist Mark Fleming notes that national house price appreciation has stabilized, ending a nine-month deceleration streak. Despite mortgage rates rebounding in October, house price growth appears headed toward a balanced pace for the remainder of 2024.
I prezzi delle case nella zona di Houston-The Woodlands-Sugar Land sono aumentati del 2,4% rispetto all'anno precedente nell'ottobre 2024, con una crescita mensile dello 0,5%. L'Indice dei Prezzi delle Case nazionale ha mostrato un aumento annuale del 3,8%, mentre ha registrato una leggera diminuzione del -0,05% rispetto al mese precedente.
Nell'area metropolitana di Houston, la crescita dei prezzi è variata tra i vari segmenti: le case per principianti sono aumentate dell'1,5%, le proprietà di fascia media del 3,5% e le case di lusso del 3,7%. Il Capo Economista Mark Fleming osserva che l'apprezzamento dei prezzi delle case a livello nazionale si è stabilizzato, ponendo fine a una striscia di nove mesi di decelerazione. Nonostante i tassi ipotecari siano risaliti a ottobre, la crescita dei prezzi delle case sembra orientarsi verso un ritmo equilibrato per il resto del 2024.
Los precios de las viviendas en la zona de Houston-The Woodlands-Sugar Land aumentaron un 2,4% interanualmente en octubre de 2024, con un crecimiento mensual del 0,5%. El Índice de Precios de Viviendas nacional mostró un aumento interanual del 3,8%, mientras que experimentó una ligera disminución del -0,05% en comparación con el mes anterior.
En el área metropolitana de Houston, el crecimiento de precios varió entre los segmentos: las casas para principiantes aumentaron un 1,5%, las propiedades de gama media un 3,5% y las casas de lujo un 3,7%. El Economista Jefe Mark Fleming señala que la apreciación de los precios de las viviendas a nivel nacional se ha estabilizado, terminando una racha de desaceleración de nueve meses. A pesar de que las tasas hipotecarias se recuperaron en octubre, parece que el crecimiento de los precios de las viviendas se dirige hacia un ritmo equilibrado para el resto de 2024.
휴스턴-우드랜드-설탕 땅 지역의 주택 가격은 2024년 10월에 지난해 대비 2.4% 상승했으며, 월간 상승률은 0.5%입니다. 국가 주택 가격 지수는 3.8%의 연간 증가율을 보였고, 월간 지표는 -0.05%의 소폭 하락을 경험했습니다.
휴스턴 광역 지역에서는 가격 상승률이 세그먼트마다 달랐습니다: 최저가 주택은 1.5% 상승, 중간 가격대 주택은 3.5%, 고급 주택은 3.7% 상승했습니다. 수석 경제학자 마크 플레밍은 국가 주택 가격 상승률이 안정됨에 따라 9개월 간의 둔화세를 마감했다고 언급했습니다. 10월에 주택담보대출 금리가 반등했음에도 불구하고, 주택 가격 상승률은 2024년 나머지 기간 동안 균형 잡힌 속도로 나아갈 것으로 보입니다.
Les prix des maisons dans la région Houston-The Woodlands-Sugar Land ont augmenté de 2,4% d'une année sur l'autre en octobre 2024, avec une croissance mensuelle de 0,5%. L'Indice des Prix des Maisons national a montré une augmentation de 3,8% d'une année sur l'autre, tout en connaissant une légère diminution de -0,05% par rapport au mois précédent.
Dans la région métropolitaine de Houston, la croissance des prix variait selon les segments : les maisons d'entrée de gamme ont augmenté de 1,5 %, les propriétés de milieu de gamme de 3,5% et les maisons de luxe de 3,7%. L'Économiste en Chef Mark Fleming note que l'appréciation des prix des maisons au niveau national s'est stabilisée, mettant fin à une série de neuf mois de décélération. Malgré la reprise des taux hypothécaires en octobre, la croissance des prix des maisons semble se diriger vers un rythme équilibré pour le reste de 2024.
Die Immobilienpreise im Gebiet von Houston-The Woodlands-Sugar Land stiegen im Oktober 2024 im Vergleich zum Vorjahr um 2,4% und verzeichneten ein monatliches Wachstum von 0,5%. Der nationale Immobilienpreisindex zeigte einen 3,8% Anstieg im Jahresvergleich, während er einen leichten Rückgang von -0,05% im Vergleich zum Vormonat erlebte.
Im Großraum Houston variierte das Prewachstum in verschiedenen Segmenten: Starterhäuser stiegen um 1,5%, Mid-Tier-Immobilien um 3,5% und Luxusimmobilien um 3,7%. Chefökonom Mark Fleming stellt fest, dass die nationale Wertsteigerung von Immobilien stabilisiert wurde, wodurch eine neunköpfige Abwärtstrendserie endete. Trotz der steigenden Hypothekenzinsen im Oktober scheinen die Immobilienpreise auf ein ausgewogenes Wachstum für den Rest von 2024 zuzusteuern.
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National House Prices Stabilize After Nine-Month Slowdown
—House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming—
October1 Home Price Index
|
|
Metric |
Change in HPI |
September-October 2024 (month over month) |
+0.5 percent |
October 2023-October 2024 (year over year) |
+2.4 percent |
National HPI |
|
Metric |
Change in HPI |
September-October 2024 (month over month) |
-0.05 percent |
October 2023-October 2024 (year over year) |
+3.8 percent |
Chief Economist National HPI Analysis:
“National annual house price appreciation stabilized in October, ending a nine-month streak of annual deceleration,” said Mark Fleming, chief economist at First American. “While mortgage rates slid downward through September, they unexpectedly rebounded in October, wiping out the short-lived affordability boost from lower mortgage rates. As a result, potential home buyers may hit pause, dampening home buying activity through the rest of 2024. Heading toward the new year, house price growth seems poised to maintain a steady, balanced pace—neither too hot, nor too cold.”
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 |
|
|
|
|
“House price trends vary significantly by market, and annual price growth in October was slowest in markets in the South and West,” said Fleming. “Affordability challenges, and in some markets a bump in inventory relative to demand, are keeping a lid on price appreciation.”
October 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 |
|
+8.9 percent |
+13.3 percent |
+0.4 percent |
|
+8.3 percent |
+2.6 percent |
+1.7 percent |
|
+7.7 percent |
+7.2 percent |
+1.8 percent |
|
+7.0 percent |
+4.4 percent |
+3.4 percent |
|
+6.9 percent |
+5.9 percent |
+6.4 percent |
Additional October 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 |
|
+5.7 percent |
|
+5.6 percent |
|
+5.4 percent |
|
+5.0 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-1.5 percent |
|
-1.2 percent |
|
-0.5 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 December 16, 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.
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Source: First American Data & Analytics
FAQ
What was the home price increase in Houston-The Woodlands-Sugar Land for October 2024?
How did different housing tiers perform in Houston's market during October 2024?
Which markets showed the strongest starter home price growth in October 2024?
Which major markets showed price decreases in October 2024?
