‘Higher-for-Longer’ Cools House Price Appreciation, According to First American Data & Analytics Monthly Home Price Index Report
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 April 2024 Home Price Index (HPI) report.
- 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 April 2024 Home Price Index (HPI) report.
- House price growth reported in last month’s HPI for February 2024 to March 2024 was revised up 0.1 percentage points, from 0.9 percent to 1.0 percent.
- “Nationally, price appreciation for starter homes continues to outperform other price tiers.
- “Starter-tier prices are increasing year over year by more than 10 percent in St. Louis, Miami and Pittsburgh."