{
“en”: {
“summary”: “

First American Data & Analytics released its August 2024 Home Price Index (HPI) report, revealing that Dallas-Plano-Irving home prices increased by 2.3% year-over-year. The national HPI showed a 4.5% annual increase, with price appreciation slowing for the eighth consecutive month. Chief Economist Mark Fleming noted that annual house price growth is approaching pre-pandemic norms of about 3.5%.

Key findings for Dallas-Plano-Irving:

Month-over-month HPI change (July-August 2024): +0.6%Year-over-year HPI change (August 2023-August 2024): +2.3%Luxury tier homes saw the highest price growth at 4.5%

Fleming highlighted that while mortgage rates may trend downward, the impact on buyer demand remains uncertain due to rate lock-in effects.

“,
“faq”: [
{
“q”: “What was the year-over-year home price change for Dallas-Plano-Irving in August 2024 according to First American (FAF)?”,
“a”: “According to First American’s Home Price Index report, Dallas-Plano-Irving home prices increased by 2.3% year-over-year in August 2024.”
},
{
“q”: “How did national home prices change year-over-year in August 2024 based on First American’s (FAF) data?”,
“a”: “First American’s Home Price Index report showed that national home prices increased by 4.5% year-over-year in August 2024.”
},
{
“q”: “What was the month-over-month home price change for Dallas-Plano-Irving from July to August 2024 in First American’s (FAF) report?”,
“a”: “First American’s Home Price Index report indicated that Dallas-Plano-Irving home prices increased by 0.6% month-over-month from July to August 2024.”
},
{
“q”: “Which price tier saw the highest growth in Dallas-Plano-Irving from August 2023 to August 2024 according to First American (FAF)?”,
“a”: “According to First American’s report, the luxury tier in Dallas-Plano-Irving saw the highest price growth at 4.5% from August 2023 to August 2024.”
},
{
“q”: “What did First American’s (FAF) Chief Economist say about the trend in annual house price appreciation nationally?”,
“a”: “Mark Fleming, Chief Economist at First American, stated that annual house price appreciation nationally slowed for the eighth consecutive month, approaching the pre-pandemic historical average of approximately 3.5%.”
}
]
}
}