First American Data & Analytics, a division of First American Financial Corporation, released its June 2025 Home Price Index $(HPI)$ report, revealing a nuanced picture of the U.S. housing market. Nationally, home prices increased by 2.7% year-over-year, signifying a continued slowdown in price growth that Chief Economist Mark Fleming suggests may help balance the market. The report highlights varying trends at the metropolitan level, with the New York-Jersey City-White Plains area experiencing a 2.1% increase in the starter tier but a significant 7.4% rise in the luxury tier. Conversely, cities like Phoenix and Orlando saw notable declines in their starter tier prices, decreasing by 4.7% and 4.6% respectively. This downturn in traditionally expensive and affordable markets could offer first-time buyers a chance to enter the market amidst ongoing affordability challenges. The report, which tracks home price changes at national, state, and metropolitan levels, is part of First American's commitment to providing timely insights into housing market dynamics. The next release is scheduled for the week of August 18, 2025.