New York-Jersey City-White Plains Home Prices Up 4.4% Year Over Year in October, 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 market increased by 4.4% year-over-year in October 2024, despite a -0.4% month-over-month decline. The national Home Price Index showed a 3.8% annual increase, with a slight -0.05% monthly decrease.
Price growth varied across market segments, with starter homes in the region seeing a 7.7% increase, mid-tier properties rising 7.2%, and luxury homes growing by 1.8%. Among major markets, Nassau County, N.Y. led starter-tier growth at 8.9%, while Tampa, Florida showed the largest decline at -1.5%.
First American Data & Analytics riporta che i prezzi delle abitazioni nel mercato di New York-Jersey City-White Plains sono aumentati del 4,4% su base annua a ottobre 2024, nonostante un calo del -0,4% su base mensile. L'indice nazionale dei prezzi delle abitazioni ha mostrato un aumento annuale del 3,8%, con una leggera diminuzione mensile del -0,05%.
La crescita dei prezzi è variata tra i segmenti di mercato, con le abitazioni di partenza nella regione che hanno registrato un aumento del 7,7%, le proprietà di fascia intermedia in crescita del 7,2% e le case di lusso in aumento del 1,8%. Tra i principali mercati, la contea di Nassau, N.Y. ha guidato la crescita delle abitazioni di partenza con un 8,9%, mentre Tampa, Florida ha mostrato il calo più grande con un -1,5%.
First American Data & Analytics informa que los precios de las viviendas en el mercado de New York-Jersey City-White Plains aumentaron un 4.4% en comparación con el año anterior en octubre de 2024, a pesar de una caída del -0.4% mes a mes. El índice nacional de precios de viviendas mostró un aumento anual del 3.8%, con una ligera disminución mensual del -0.05%.
El crecimiento de precios varió entre los segmentos del mercado, con las viviendas iniciales en la región viendo un aumento del 7.7%, las propiedades de rango medio aumentando un 7.2% y las casas de lujo creciendo un 1.8%. Entre los principales mercados, el condado de Nassau, N.Y. lideró el crecimiento de viviendas iniciales con un 8.9%, mientras que Tampa, Florida mostró la mayor disminución con un -1.5%.
퍼스트 아메리칸 데이터 및 분석에 따르면, 뉴욕-저지시티-화이트플레인스 시장의 주택 가격이 2024년 10월 전년 대비 4.4% 증가했으나, 월 대비로는 -0.4% 감소했습니다. 전국 주택 가격 지수는 연간 3.8%의 증가를 보였고, 월간으로는 약간의 -0.05% 감소가 있었습니다.
가격 성장률은 시장 세그먼트에 따라 달라졌으며, 이 지역의 처음 주택들은 7.7% 증가, 중간 가격대의 부동산은 7.2% 상승, 고급 주택은 1.8% 증가했습니다. 주요 시장 중에서는 뉴욕의 나소 카운티가 처음 주택 성장률에서 8.9%로 선두를 차지했고, 플로리다의 탐파는 -1.5%로 가장 큰 감소를 보였습니다.
First American Data & Analytics rapporte que les prix des maisons sur le marché New York-Jersey City-White Plains ont augmenté de 4,4% d'une année sur l'autre en octobre 2024, malgré une baisse de -0,4% par rapport au mois précédent. L'indice des prix des maisons national a montré une augmentation annuelle de 3,8%, avec une légère diminution mensuelle de -0,05%.
La croissance des prix a varié selon les segments de marché, les maisons de départ dans la région ayant connu une augmentation de 7,7%, les propriétés de milieu de gamme ayant augmenté de 7,2% et les maisons de luxe ayant augmenté de 1,8%. Parmi les principaux marchés, le comté de Nassau, N.Y. a mené la croissance du segment des maisons de départ avec 8,9%, tandis que Tampa, en Floride, a affiché la plus grande baisse à -1,5%.
First American Data & Analytics berichtet, dass die Immobilienpreise im Markt New York-Jersey City-White Plains im Oktober 2024 im Vergleich zum Vorjahr um 4,4% gestiegen sind, trotz eines Rückgangs von -0,4% im Monatsvergleich. Der nationale Wohnpreisindex zeigte einen jährlichen Anstieg von 3,8%, mit einem leichten monatlichen Rückgang von -0,05%.
Das Preiswachstum variierte zwischen den Marktsegmenten, wobei Einsteigerwohnungen in der Region einen Anstieg von 7,7% verzeichneten, Objekte mittlerer Preisklasse um 7,2% stiegen und Luxusimmobilien um 1,8% zulegten. Unter den großen Märkten führte der Nassau County, N.Y. das Wachstum im Starter-Segment mit 8,9% an, während Tampa, Florida den größten Rückgang mit -1,5% zeigte.
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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) |
-0.4 percent |
October 2023-October 2024 (year over year) |
+4.4 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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Corporate Communications
First American Financial Corporation
(714) 250-3298
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Investor Relations
First American Financial Corporation
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Source: First American Data & Analytics
FAQ
What was the home price growth rate for New York-Jersey City-White Plains in October 2024?
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What was the national home price appreciation rate in October 2024?
