Los Angeles-Long Beach-Glendale Home Prices Up 1.6% 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 Los Angeles-Long Beach-Glendale area increased by 1.6% 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 while mortgage rates decreased in February, the slower price growth reflects earlier sales when rates exceeded 7%. Fleming notes that Sunbelt markets are experiencing the slowest home price growth among tracked markets, attributed to increased home building and inventory. Markets like Tampa and Phoenix are becoming more buyer-friendly, while the Northeast, with new construction and tight inventories, continues to see sustained price growth.
The HPI report segments home prices into three tiers: starter, mid, and luxury, using a repeat-sales methodology analyzing over 46 million paired transactions. The next report release is scheduled for the week of April 21, 2025.
First American Data & Analytics ha pubblicato il suo rapporto sull'Home Price Index (HPI) di febbraio 2025, rivelando che i prezzi delle case nella zona di Los Angeles-Long Beach-Glendale sono aumentati del 1,6% rispetto all'anno precedente. La crescita dei prezzi delle case a livello nazionale ha raggiunto il suo ritmo più lento dal marzo 2012, secondo il Chief Economist Mark Fleming.
Il rapporto evidenzia che, mentre i tassi ipotecari sono diminuiti a febbraio, la crescita più lenta dei prezzi riflette le vendite precedenti quando i tassi superavano il 7%. Fleming osserva che i mercati del Sunbelt stanno vivendo la crescita dei prezzi delle case più lenta tra i mercati monitorati, attribuita all'aumento della costruzione di case e dell'inventario. Mercati come Tampa e Phoenix stanno diventando più favorevoli agli acquirenti, mentre il Nordest, con nuove costruzioni e inventari ridotti, continua a vedere una crescita sostenuta dei prezzi.
Il rapporto HPI segmenta i prezzi delle case in tre categorie: entry-level, medio e lusso, utilizzando una metodologia di vendite ripetute che analizza oltre 46 milioni di transazioni abbinate. La prossima pubblicazione del rapporto è prevista per la settimana del 21 aprile 2025.
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 Los Ángeles-Long Beach-Glendale aumentaron un 1.6% interanual. El crecimiento nacional de los precios de las casas ha alcanzado su ritmo más lento desde marzo de 2012, según el economista jefe Mark Fleming.
El informe destaca que, aunque las tasas hipotecarias disminuyeron en febrero, el crecimiento más lento de los precios refleja ventas anteriores cuando las tasas superaron el 7%. Fleming señala que los mercados del Sunbelt están experimentando el crecimiento de precios de vivienda más lento entre los mercados monitoreados, atribuido al aumento de la construcción de viviendas y al inventario. Mercados como Tampa y Phoenix se están volviendo más amigables para los compradores, mientras que el noreste, con nueva construcción e inventarios ajustados, sigue viendo un crecimiento sostenido de los precios.
El informe HPI segmenta los precios de las viviendas en tres categorías: inicio, medio y lujo, utilizando una metodología de ventas repetidas que analiza más de 46 millones de transacciones emparejadas. La próxima publicación del informe está programada para la semana del 21 de abril de 2025.
퍼스트 아메리칸 데이터 & 애널리틱스는 2025년 2월 주택 가격 지수(HPI) 보고서를 발표하며, 로스앤젤레스-롱비치-글렌데일 지역의 주택 가격이 전년 대비 1.6% 증가했다고 밝혔습니다. 마크 플레밍 수석 경제학자에 따르면, 전국 주택 가격 성장률은 2012년 3월 이후 가장 느린 속도에 도달했습니다.
보고서는 2월에 모기지 금리가 감소했지만, 느린 가격 성장률은 금리가 7%를 초과했던 이전의 판매를 반영한다고 강조합니다. 플레밍은 선벨트 시장이 추적된 시장 중에서 가장 느린 주택 가격 성장을 경험하고 있으며, 이는 주택 건설 증가와 재고 증가 때문이라고 언급했습니다. 탬파와 피닉스와 같은 시장은 구매자 친화적으로 변하고 있으며, 북동부 지역은 새로운 건설과 제한된 재고로 인해 지속적인 가격 성장을 보이고 있습니다.
HPI 보고서는 주택 가격을 입문, 중간 및 고급의 세 가지 계층으로 구분하며, 4600만 건 이상의 거래 쌍을 분석하는 반복 판매 방법론을 사용합니다. 다음 보고서 발행은 2025년 4월 21일 주에 예정되어 있습니다.
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 de Los Angeles-Long Beach-Glendale ont augmenté de 1,6% d'une année sur l'autre. La croissance des prix des maisons au niveau national a atteint son rythme le plus lent depuis mars 2012, selon le chef économiste Mark Fleming.
Le rapport souligne que, bien que les taux hypothécaires aient diminué en février, la croissance plus lente des prix reflète des ventes antérieures lorsque les taux dépassaient 7%. Fleming note que les marchés du Sunbelt connaissent la croissance des prix des maisons la plus lente parmi les marchés suivis, attribuée à l'augmentation de la construction de maisons et de l'inventaire. Des marchés comme Tampa et Phoenix deviennent plus favorables aux acheteurs, tandis que le Nord-Est, avec de nouvelles constructions et des inventaires serrés, continue de connaître une croissance soutenue des prix.
Le rapport HPI segmente les prix des maisons en trois niveaux : entrée, intermédiaire et luxe, en utilisant une méthodologie de ventes répétées qui analyse plus de 46 millions de transactions appariées. La prochaine publication du rapport est prévue pour la semaine du 21 avril 2025.
First American Data & Analytics hat seinen Bericht über den Home Price Index (HPI) für Februar 2025 veröffentlicht, der zeigt, dass die Immobilienpreise im Gebiet Los Angeles-Long Beach-Glendale um 1,6% im Jahresvergleich gestiegen sind. Das nationale Wachstum der Immobilienpreise hat laut Chefökonom Mark Fleming das langsamste Tempo seit März 2012 erreicht.
Der Bericht hebt hervor, dass, während die Hypothekenzinsen im Februar gesunken sind, das langsamere Preiswachstum frühere Verkäufe widerspiegelt, als die Zinsen über 7% lagen. Fleming merkt an, dass die Sunbelt-Märkte das langsamste Wachstum der Immobilienpreise unter den überwachten Märkten erleben, was auf den Anstieg des Wohnungsbaus und des Bestands zurückzuführen ist. Märkte wie Tampa und Phoenix werden käuferfreundlicher, während der Nordosten mit neuen Bauprojekten und knappen Beständen weiterhin ein nachhaltiges Preiswachstum verzeichnet.
Der HPI-Bericht segmentiert die Immobilienpreise in drei Kategorien: Einstieg, Mittelklasse und Luxus, wobei eine Wiederverkaufs-Methodik verwendet wird, die über 46 Millionen gekoppelte Transaktionen analysiert. Die nächste Berichterstattung ist für die Woche vom 21. April 2025 geplant.
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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 | |
Los Angeles-Long Beach-Glendale Market |
|
Metric |
Change in HPI |
January 2025-February 2025 (month over month) |
+2.1 percent |
February 2024-February 2025 (year over year) |
+1.6 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 Los Angeles-Long Beach-Glendale Metro Area: February 2024 to February 2025
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/20250318913847/en/
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First American Financial Corporation
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Source: First American Data & Analytics
FAQ
What is the current year-over-year home price increase in Los Angeles-Long Beach-Glendale as of February 2025?
How are Sunbelt real estate markets performing compared to other regions in 2025?
What factors are affecting national house price growth in February 2025?
What are the key differences between Northeast and Sunbelt housing markets in 2025?
When will First American (FAF) release its next Home Price Index report?
