Annual House Price Appreciation Accelerates to Highest Rate Since August 2025, According to First American Data & Analytics Monthly Home Price Index Report

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—Over half of markets had positive annual price appreciation in June, signaling more broad-based home price growth, says Chief Economist Mark Fleming— SANTA ANA, Calif., July 27, 2026--(BUSINESS WIRE)--First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its June 2026 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here. June1 National House Price Index Highlights "The housing market is quietly inching back toward price growth. Annual appreciation reached its fastest pace since last August, while also becoming broader based, with more than half of the markets we track once again posting annual price gains," said Mark Fleming, chief economist at First American. "The key reason is that inventory growth has slowed, after a year of rising supply helped keep price appreciation in check. In the second half of the year, if supply stops improving while demand remains steady, home price appreciation is likely to continue gaining momentum." June 2026 Local Market Price Tier Highlights The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution. "Housing remains a local market story," said Fleming. "Historically supply-constrained markets, such as Chicago, continue to post the strongest house price appreciation because inventory remains well below pre-pandemic norms. Meanwhile, markets like Denver, where inventory has recovered much more significantly, continue to face downward pressure on prices. As the national inventory recovery levels off, these local differences in housing supply will increasingly determine where house price ap...

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