US Home Price Growth Slows as More Markets See Annual Declines
First American Financial Corporation's Data & Analytics division has released its November 2025 Home Price Index $(HPI)$ report, indicating that national house price growth has stabilized in the low single digits. The report highlights significant regional disparities, with more of the top 30 markets experiencing year-over-year price declines than growth. Markets in the Rust Belt and parts of the Midwest, such as St. Louis, are showing stronger price resilience due to relative affordability, while Sun Belt cities like Miami, Denver, Phoenix, and Tampa are seeing falling prices driven by higher inventory and stretched household budgets. The HPI, which tracks single-family home prices using a repeat-sales methodology, provides detailed data at national, state, and metropolitan levels. The next HPI update is expected the week of January 19, 2026.
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