First American HPI shows US home prices rise 1% y/y in July, down 0.5% m/m
FAF•FAF•FAF•FAF•First American Financial released its July 2026 Home Price Index, showing U.S. home prices up 1% year over year.
National prices fell 0.5% month over month from June to July, extending a three-month stretch of roughly 1% annual gains.
Housing supply growth has stalled while affordability constraints cap demand, leaving prices broadly rangebound.
Chicago led major metros with a 6.4% annual gain, reflecting tight inventory.
Austin posted the steepest decline at 2.9% year over year, consistent with elevated inventory.
