Housing Market Can Thrive in a Rising-Rate Era, According to First American Real House Price Index - Seite 3

• The only state with a year-over-year increase in the RHPI is Wyoming (+2.3 percent).
• The five states with the greatest year-over-year decrease in the RHPI are: California (-9.3 percent), Massachusetts (-8.5 percent), Louisiana (-8.5 percent), New York (-7.7 percent), and Hawaii (-7.7 percent).

November 2020 Real House Price Local Market Highlights

• Among the Core Based Statistical Areas (CBSAs) tracked by First American, the five markets with the greatest year-over-year increase in the RHPI are: Cleveland (+4.7 percent), Pittsburgh (+2.4 percent), Kansas City, Mo. (+2.3 percent), Hartford, Conn. (+1.2 percent), and Memphis, Tenn. (+0.7 percent).
• Among the Core Based Statistical Areas (CBSAs) tracked by First American, the five markets with the greatest year-over-year decrease in the RHPI are: San Francisco (-17.5 percent), San Jose, Calif. (-14.0 percent), Boston (-12.2 percent), Miami (-11.0. percent), and San Diego (-9.7 percent).

Next Release

The next release of the First American Real House Price Index will take place the week of February 22, 2021 for December 2020 data.

Sources

• First American Data & Analytics
• Freddie Mac
• Census Bureau

Methodology

The methodology statement for the First American Real House Price Index is available at http://www.firstam.com/economics/real-house-price-index.

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. 2021 by First American. Information from this page may be used with proper attribution.

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $6.2 billion in 2019, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2020, First American was named to the Fortune 100 Best Companies to Work For list for the fifth consecutive year. More information about the company can be found at www.firstam.com.

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