Key Points:
The monthly FHFA purchase-only index grew by 2.3% year-over-year in June (+0.3% SAAR).
- On a 3-month average basis, home price appreciation continued to decelerate growing at a 0.7% annualized rate – the slowest pace since August 2025.
- Annual price growth averaged 5.9% from 2016 to 2019.
FHFA Purchase Index, Seasonally Adjusted
Over the past year, home price growth has been slower across Southern and Western metros where supply conditions are somewhat less restrictive.
Year-over-Year House Price Appreciation Seasonally Adjusted FHFA Purchase Only Index, 2Q2026
