First American Financial Corporation's subsidiary, First American Data & Analytics, has released its May 2025 Home Price Index $(HPI)$ report, revealing a 2.0% year-over-year decrease in home prices for the San Diego-Chula Vista-Carlsbad area. The report highlights that national house price appreciation is at its slowest pace since 2012, attributed to rising mortgage rates that have tempered demand and increased the supply of homes for sale. This slower price growth has allowed potential buyers' income growth to somewhat offset the impact of elevated mortgage rates on affordability. The report uses a repeat-sales methodology and analyzes single-family home prices, including distressed sales, across national, state, and metropolitan levels. The next release of the HPI report is scheduled for mid-July 2025.
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