US home price insights — July 2025
Home price growth has slowed significantly nationwide, with May marking the first time in over 13 years that annual gains dipped below 2%, driven by rising mortgage rates, affordability concerns and growing inventory. While some markets in the Northeast and Midwest are still strong, others like Florida, Texas and Hawaii are seeing price declines due to overvaluation and rising costs such as property taxes and insurance. As a result, more markets are now posting annual price drops, though overall prices are still up slightly year-over-year, suggesting affordability may improve in the near future.
