New York-Jersey City-White Plains Home Prices Up 1.8% Year Over Year in January, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its January 2025 Home Price Index (HPI) report, revealing that the New York-Jersey City-White Plains market saw home prices increase by 1.8% year-over-year, despite a -1.6% month-over-month decline. Nationally, house price growth slowed to its lowest pace since June 2023, with a modest 3.3% year-over-year increase.
The luxury price tier showed strong performance across markets, with prices growing in 25 of 28 tracked markets. In the New York-Jersey City-White Plains metro area, the luxury tier led with 4.0% growth, followed by the starter tier at 3.9% and mid-tier at 3.2%. Chief Economist Mark Fleming attributes this trend to luxury home buyers being less affected by the lock-in effect and their ability to make cash purchases.
Among major markets, St. Louis and Cambridge, Mass. topped the list with 4.6% overall price increases, while Oakland and Tampa showed the largest decreases at -3.8%.
First American Data & Analytics ha pubblicato il suo rapporto sull'Home Price Index (HPI) di gennaio 2025, rivelando che il mercato di New York-Jersey City-White Plains ha visto un aumento dei prezzi delle case del 1,8% su base annua, nonostante un calo del -1,6% su base mensile. A livello nazionale, la crescita dei prezzi delle case ha rallentato al suo ritmo più basso da giugno 2023, con un modesto aumento del 3,3% su base annua.
Il segmento di lusso ha mostrato una forte performance in tutti i mercati, con i prezzi in crescita in 25 dei 28 mercati monitorati. Nella zona metropolitana di New York-Jersey City-White Plains, il segmento di lusso ha guidato con una crescita del 4,0%, seguito dal segmento iniziale con il 3,9% e dal segmento medio con il 3,2%. Il capo economista Mark Fleming attribuisce questa tendenza al fatto che gli acquirenti di case di lusso sono meno influenzati dall'effetto di blocco e alla loro capacità di effettuare acquisti in contante.
Tra i principali mercati, St. Louis e Cambridge, Mass. hanno guidato la classifica con un aumento complessivo dei prezzi del 4,6%, mentre Oakland e Tampa hanno registrato i più grandi cali con un -3,8%.
First American Data & Analytics publicó su informe del Home Price Index (HPI) de enero de 2025, revelando que el mercado de New York-Jersey City-White Plains experimentó un aumento en los precios de las viviendas del 1.8% interanual, a pesar de una disminución del -1.6% intermensual. A nivel nacional, el crecimiento de los precios de las casas se desaceleró a su ritmo más bajo desde junio de 2023, con un modesto aumento del 3.3% interanual.
El segmento de lujo mostró un fuerte rendimiento en los mercados, con precios en aumento en 25 de los 28 mercados monitoreados. En el área metropolitana de New York-Jersey City-White Plains, el segmento de lujo lideró con un crecimiento del 4.0%, seguido por el segmento inicial con 3.9% y el segmento medio con 3.2%. El economista jefe Mark Fleming atribuye esta tendencia a que los compradores de viviendas de lujo están menos afectados por el efecto de bloqueo y a su capacidad para realizar compras en efectivo.
Entre los principales mercados, St. Louis y Cambridge, Mass. encabezaron la lista con un aumento de precios del 4.6%, mientras que Oakland y Tampa mostraron las mayores disminuciones con un -3.8%.
퍼스트 아메리칸 데이터 & 애널리틱스는 2025년 1월 주택 가격 지수(HPI) 보고서를 발표하며, 뉴욕-저지 시티-화이트 플레인스 시장에서 주택 가격이 전년 대비 1.8% 증가했지만, 전월 대비 -1.6% 감소했다고 밝혔습니다. 전국적으로 주택 가격 성장은 2023년 6월 이후 가장 낮은 속도로 둔화되었으며, 전년 대비 3.3%의 소폭 증가를 기록했습니다.
럭셔리 가격대는 모든 시장에서 강한 성과를 보였으며, 28개 추적 시장 중 25개에서 가격이 상승했습니다. 뉴욕-저지 시티-화이트 플레인스 대도시 지역에서는 럭셔리 가격대가 4.0% 성장으로 선두를 달렸고, 이어서 스타터 가격대가 3.9%, 중간 가격대가 3.2%로 뒤를 이었습니다. 수석 경제학자인 마크 플레밍은 이 추세를 럭셔리 주택 구매자가 잠금 효과에 덜 영향을 받으며 현금 구매를 할 수 있는 능력 때문이라고 설명했습니다.
주요 시장 중 세인트루이스와 캠브리지, 매사추세츠가 전체 가격이 4.6% 증가하며 1위를 차지했으며, 오클랜드와 탬파는 -3.8%로 가장 큰 감소를 보였습니다.
First American Data & Analytics a publié son rapport sur l'Home Price Index (HPI) de janvier 2025, révélant que le marché de New York-Jersey City-White Plains a connu une augmentation des prix des logements de 1,8% sur un an, malgré une baisse de -1,6% sur un mois. Au niveau national, la croissance des prix des maisons a ralenti à son rythme le plus bas depuis juin 2023, avec une modeste augmentation de 3,3% sur un an.
Le segment de luxe a montré une forte performance dans tous les marchés, avec des prix en hausse dans 25 des 28 marchés suivis. Dans la région métropolitaine de New York-Jersey City-White Plains, le segment de luxe a conduit avec une croissance de 4,0%, suivi par le segment d'entrée à 3,9% et le segment intermédiaire à 3,2%. L'économiste en chef Mark Fleming attribue cette tendance au fait que les acheteurs de maisons de luxe sont moins affectés par l'effet de verrouillage et à leur capacité à effectuer des achats en espèces.
Parmi les principaux marchés, St. Louis et Cambridge, Mass. ont dominé la liste avec une augmentation globale des prix de 4,6%, tandis que Oakland et Tampa ont enregistré les plus grandes baisses avec -3,8%.
First American Data & Analytics hat seinen Bericht über den Home Price Index (HPI) für Januar 2025 veröffentlicht und festgestellt, dass der Markt von New York-Jersey City-White Plains einen Anstieg der Immobilienpreise von 1,8% im Jahresvergleich verzeichnete, trotz eines Rückgangs von -1,6% im Monatsvergleich. National verlangsamte sich das Wachstum der Immobilienpreise auf den niedrigsten Stand seit Juni 2023, mit einem moderaten 3,3% Anstieg im Jahresvergleich.
Die Luxuspreiskategorie zeigte in allen Märkten eine starke Leistung, wobei die Preise in 25 der 28 überwachten Märkte stiegen. Im Ballungsraum New York-Jersey City-White Plains führte die Luxusklasse mit einem Wachstum von 4,0%, gefolgt von der Einstiegsstufe mit 3,9% und der mittleren Stufe mit 3,2%. Chefökonom Mark Fleming führt diesen Trend darauf zurück, dass Käufer von Luxusimmobilien weniger von dem Lock-in-Effekt betroffen sind und in der Lage sind, Barzahlungen zu leisten.
Unter den großen Märkten lagen St. Louis und Cambridge, Mass. mit einem Gesamtpreisanstieg von 4,6% an der Spitze, während Oakland und Tampa die größten Rückgänge mit -3,8% verzeichneten.
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National House Price Growth Sinks to Slowest Pace Since Summer 2023
—Much like the groundhog seeing its shadow, we expect the housing winter to persist in the face of elevated mortgage rates, says Chief Economist Mark Fleming—
January1 Home Price Index |
|
|
|
Metric |
Change in HPI |
December 2024-January 2025 (month over month) |
-1.6 percent |
January 2024-January 2025 (year over year) |
+1.8 percent |
National HPI |
|
Metric |
Change in HPI |
December 2024-January 2025 (month over month) |
+0.1 percent |
January 2024-January 2025 (year over year) |
+3.3 percent |
Chief Economist National HPI Analysis:
“National house price growth slipped to the slowest pace since June 2023 amid elevated mortgage rates and rising inventories,” said Mark Fleming, chief economist at First American. “Elevated mortgage rates reduce house-buying power for potential buyers, holding back demand. At the same time, inventory levels are increasing as some potential sellers list their homes for sale after coming to terms with ‘higher-for-longer’ rates and more new-home completions hit the market, further dampening price growth. Much like the groundhog seeing its shadow, we expect this ‘housing winter’ to persist if mortgage rates remain high while inventories keep climbing.”
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-2ier |
Luxury |
|
+ |
+ |
+ |
“The luxury price tier stands out as a relative outperformer when measuring annual house price growth by tier and market. Prices in the luxury tier grew in 25 of the 28 markets we tracked this month, outpacing price growth in the mid- and starter tier segments,” said Fleming. “Luxury home buyers, less affected by the lock-in effect due to their ability to pay in cash, are playing a different game. In December’s existing-home sales report, the boom in sales was most distinct at the upper end of the market as sales of homes priced at more than
January 2025 First American Data & Analytics Price Tier HPI Highlights2 |
|||
Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Luxury Tier HPI |
|||
CBSA |
Change in Starter Tier HPI |
Change in Mid-Tier HPI |
Change in Luxury Tier HPI |
|
+2.5 percent |
+9.1 percent |
+6.4 percent |
|
+1.2 percent |
+4.7 percent |
+6.3 percent |
|
+1.1 percent |
+3.9 percent |
+5.7 percent |
|
+1.2 percent |
+2.0 percent |
+4.8 percent |
|
+5.6 percent |
+3.9 percent |
+4.8 percent |
Additional January 2025 First American Data & Analytics HPI Highlights
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+4.6 percent |
|
+4.6 percent |
|
+4.4 percent |
|
+4.3 percent |
|
+4.3 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-3.8 percent |
|
-3.8 percent |
|
-1.9 percent |
|
-0.9 percent |
|
-0.6 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 March 17, 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/20250218268471/en/
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Source: First American Financial Corporation
FAQ
What was the year-over-year home price change for New York-Jersey City-White Plains in January 2025?
How did different price tiers perform in the New York-Jersey City-White Plains market?
Which cities showed the largest home price decreases in January 2025?
What was the national home price growth rate in January 2025?
Which markets showed the highest overall price increases in January 2025?
How did luxury home sales perform nationally according to the report?
