First American Financial Corporation's Data & Analytics division has released its October 2025 Home Price Index $(HPI)$ report, revealing that national house prices declined by 0.2 percent month-over-month. While the overall market is experiencing price stabilization due to affordability challenges and increasing supply, appreciation remains close to its slowest pace since 2012 and is expected to remain subdued through year-end. The report highlights that luxury-tier home prices are outpacing other segments, particularly in markets like New York, Newark, and Pittsburgh. In New York, luxury home prices surged by 14.8 percent year-over-year, while Newark and Pittsburgh saw gains of 5.9 percent and 5.1 percent, respectively. In contrast, starter and mid-tier segments showed weaker growth or declines, reflecting ongoing affordability constraints and heightened sensitivity to mortgage rates among buyers in these categories.