First American HPI shows U.S. home prices rise 1.4% year over year in August 2026
FAF•U.S. home prices rose 1.4% year over year and 0.2% from July in August 2026, according to First American’s Home Price Index. Annual appreciation stayed below the 3.4% pre-pandemic long-term average for a 17th straight month.
1. Muted price gains
First American Financial’s August 2026 Home Price Index showed U.S. home prices up 1.4% year over year and 0.2% from July. Annual appreciation remained below the 3.4% pre-pandemic long-term average for a 17th consecutive month.
2. Regional differences
Higher mortgage rates constrained demand, while rate lock-in limited listings, leaving supply and demand in a stalemate. Chicago home prices rose 5.5%, while Dallas prices fell 5.0%, signaling a rebalancing in several Sun Belt markets.
