Get the July 2025 Home Price Index Report

Gain insights into market changes with accelerated access to the prior month's data. Fill out the form to download your copy of the First American Data & Analytics July 2025 Home Price Index Report.

Inside this Month's Report

“It’s back to reality for national house price appreciation, as limited affordability, economic uncertainty and homeowners unwilling to enter the market and give up their low mortgage rates hinder demand amid a growing inventory of listings,” said Mark Fleming, chief economist at First American. “This supply-demand dynamic slowed annual home price growth nationally for the eighth straight month in July. National prices are now just 0.3 percent from their recent peak in May. A window has opened for incomes to outpace price growth and affordability to improve, a positive for buyers looking for an opportunity. Overall, it’s a reflection of a steadily cooling housing market, following the white-hot pandemic-era market fueled by record-low mortgage rates.”

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