New York-Jersey City-White Plains Home Prices Up 2.8% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics reports that home prices in the New York-Jersey City-White Plains metro area increased by 2.8% year-over-year in February 2025. 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, with cities like Tampa and Phoenix becoming more buyer-friendly due to increased inventory from significant home building.
In contrast, the Northeast region has seen new construction and tight inventories, leading to continued price pressure. The analysis suggests that recent rate declines and seasonal demand could accelerate price growth in coming months, particularly in markets where demand exceeds supply.
First American Data & Analytics riporta che i prezzi delle case nell'area metropolitana di New York-Jersey City-White Plains sono aumentati del 2.8% su base annua a febbraio 2025. La crescita dei prezzi delle case a livello nazionale ha raggiunto il suo ritmo più lento da marzo 2012, secondo il Chief Economist Mark Fleming.
Il rapporto evidenzia che, sebbene i tassi ipotecari siano 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, con città come Tampa e Phoenix che diventano più favorevoli agli acquirenti grazie all'aumento dell'inventario dovuto a significativi lavori di costruzione.
Al contrario, la regione del Northeast ha visto nuova costruzione e scorte limitate, portando a una continua pressione sui prezzi. L'analisi suggerisce che i recenti cali dei tassi e la domanda stagionale potrebbero accelerare la crescita dei prezzi nei prossimi mesi, in particolare nei mercati dove la domanda supera l'offerta.
First American Data & Analytics informa que los precios de las casas en el área metropolitana de New York-Jersey City-White Plains aumentaron un 2.8% interanual en febrero de 2025. El crecimiento de los precios de las casas a nivel nacional 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, con ciudades como Tampa y Phoenix volviéndose más amigables para los compradores debido al aumento del inventario por la significativa construcción de viviendas.
En contraste, la región del Noreste ha visto nueva construcción y inventarios ajustados, lo que lleva a una presión continua sobre los precios. El análisis sugiere que las recientes caídas en las tasas y la demanda estacional podrían acelerar el crecimiento de precios en los próximos meses, particularmente en mercados donde la demanda supera la oferta.
퍼스트 아메리칸 데이터 & 애널리틱스는 뉴욕-저지시티-화이트플레인스 대도시 지역의 주택 가격이 2025년 2월에 전년 대비 2.8% 증가했다고 보고했습니다. 국가 주택 가격 성장률은 2012년 3월 이후 가장 느린 속도에 도달했다고 수석 이코노미스트 마크 플레밍이 전했습니다.
보고서는 2월에 모기지 금리가 감소했음에도 불구하고, 느린 가격 성장은 금리가 7%를 초과했던 이전의 판매를 반영한다고 강조합니다. 플레밍은 선벨트 시장이 추적된 시장 중에서 가장 느린 주택 가격 성장을 경험하고 있으며, 탬파와 피닉스와 같은 도시가 상당한 주택 건설로 인해 증가한 재고 덕분에 구매자에게 더 우호적이 되고 있다고 언급합니다.
반면에 북동부 지역는 새로운 건설과 제한된 재고를 경험하고 있어 가격 압력이 계속되고 있습니다. 분석에 따르면 최근 금리 하락과 계절적 수요가 향후 몇 달 동안 가격 성장을 가속화할 수 있으며, 특히 수요가 공급을 초과하는 시장에서 그럴 가능성이 높습니다.
First American Data & Analytics rapporte que les prix des maisons dans la région métropolitaine de New York-Jersey City-White Plains ont augmenté de 2,8 % d'une année sur l'autre en février 2025. La croissance des prix des maisons au niveau national a atteint son rythme le plus lent depuis mars 2012, selon l'économiste en chef 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, avec des villes comme Tampa et Phoenix devenant plus favorables aux acheteurs grâce à une augmentation de l'inventaire due à une construction significative.
En revanche, la région du Nord-Est a connu de nouvelles constructions et des stocks serrés, entraînant une pression continue sur les prix. L'analyse suggère que les récentes baisses de taux et la demande saisonnière pourraient accélérer la croissance des prix dans les mois à venir, en particulier dans les marchés où la demande dépasse l'offre.
First American Data & Analytics berichtet, dass die Immobilienpreise im Metropolgebiet New York-Jersey City-White Plains im Februar 2025 um 2,8 % im Jahresvergleich gestiegen sind. Das nationale Wachstum der Immobilienpreise hat das langsamste Tempo seit März 2012 erreicht, so der Chefökonom Mark Fleming.
Der Bericht hebt hervor, dass, obwohl die Hypothekenzinsen im Februar gesunken sind, das langsamere Preiswachstum frühere Verkäufe widerspiegelt, als die Zinsen über 7 % lagen. Fleming stellt fest, dass die Sunbelt-Märkte das langsamste Wachstum der Immobilienpreise unter den verfolgten Märkten erleben, wobei Städte wie Tampa und Phoenix aufgrund eines erhöhten Bestands durch signifikante Bautätigkeit käuferfreundlicher werden.
Im Gegensatz dazu hat die Nordostregion neue Bauprojekte und knappe Bestände erlebt, was zu anhaltendem Preisdruck führt. Die Analyse deutet darauf hin, dass die jüngsten Rückgänge der Zinssätze und die saisonale Nachfrage das Preiswachstum in den kommenden Monaten beschleunigen 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—
First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its February 2025 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here.
February1 Home Price Index
|
|
Metric |
Change in HPI |
January 2025-February 2025 (month over month) |
-1.0 percent |
February 2024-February 2025 (year over year) |
+2.8 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:
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Corporate Communications
First American Financial Corporation
(714) 250-3298
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Investor Relations
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Source: First American Data & Analytics
FAQ
What is the current year-over-year home price growth in New York-Jersey City-White Plains as of February 2025?
Which markets are experiencing the slowest home price growth according to First American (FAF)?
How has the Northeast housing market performed compared to other regions in February 2025?
What factors could influence home price growth in the coming months according to First American (FAF)?
When did national house price growth reach its slowest pace according to the First American (FAF) report?
