First American Financial Corporation's Data & Analytics division has released its September 2025 Home Price Index $(HPI)$ report, offering a detailed look at recent trends in the U.S. housing market. The analysis shows that while national home prices experienced a modest year-over-year increase of 1.1%, regional differences are becoming increasingly pronounced. Notably, the San Diego-Chula Vista-Carlsbad metro area saw home prices decline by 2.3% compared to the previous year, reflecting a broader cooling trend in several Sun Belt markets that are giving back some of their pandemic-era gains. Chief Economist Mark Fleming noted that national house prices are now 0.7% below their peak in May, and buyers are gaining more negotiating power as affordability constraints and improved inventory slow price appreciation to its lowest pace since 2012. The report segments home price changes by starter, mid, and luxury tiers and provides updated data that tracks market shifts with less than a four-week lag, offering timely insights for industry stakeholders.