First American Financial Corporation Reports 0.6% Year-Over-Year Decline in San Diego-Chula Vista-Carlsbad Home Prices for June 2025

Reuters
2025/07/15
First American Financial Corporation Reports 0.6% Year-Over-Year Decline in San Diego-Chula Vista-Carlsbad Home Prices for June 2025

First American Financial Corporation, through its division First American Data & Analytics, has released its June 2025 Home Price Index $(HPI)$ report, highlighting a continued slowdown in home price growth across the nation. The report, which tracks home price changes at national, state, and metropolitan levels, reveals that the San Diego-Chula Vista-Carlsbad area saw a 0.6% year-over-year decrease in home prices. The data also indicates that prices in Phoenix dropped by 2.4%, Orlando, Fla., by 2.1%, and Fort Worth, Texas, by 1.9%. The report segments home prices into starter, mid-tier, and luxury categories. In the San Diego-Chula Vista-Carlsbad area, the starter tier experienced a slight increase of 0.1%, while the mid-tier saw a decline of 1.4%, and the luxury tier rose by 0.4%. Notably, Oakland, Calif., experienced the most significant decline in the starter tier, with a decrease of 6.4%. The report provides insights into the challenges faced by first-time homebuyers due to the national affordability crunch, with prices declining in 14 of the top 30 markets tracked. The next release of the HPI report is scheduled for the week of August 18, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First American Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250715630215) on July 15, 2025, and is solely responsible for the information contained therein.

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