Home Price Growth Eases In Second Quarter

Jul 21, 2025

Fannie Mae HPI-Home Price Growth Eases In Q2 2025

Continues ‘general moderation’ since beginning of last year, Fannie Mae says

Single-family home prices increased by 4.1% from Q2 2024 to Q2 2025, according to the latest data from the Fannie Mae Home Price Index (HPI). That’s down from 18% the previous quarter's year-over-year growth pace of 5.0%.

The HPI measures the average, quarterly price change for all single-family properties in the United States, excluding condos.

On a quarterly basis, home prices rose 0.3% on a seasonally adjusted basis and 2.0% on a non-seasonally adjusted basis in Q2 2025.

“This continues the general moderation in home price growth observed since the start of 2024,” the GSE noted in a release.

Fannie Mae notes it produces the HPI by aggregating county-level data to create both seasonally adjusted and non-seasonally adjusted national indexes that are representative of the whole country and designed to serve as indicators of general single-family home price trends.

Home Prices

HPI

single-family homes

Fannie Mae

About the author

National Mortgage Professional

Link copied

Published

Jul 21, 2025

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Nov

Pasadena, CA

More from

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Analysis and Data

Oct 02, 2026

Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Analysis and Data

Oct 01, 2026

Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Analysis and Data

Sep 29, 2026

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Analysis and Data

Sep 25, 2026

Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Analysis and Data

Sep 25, 2026

Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Tech

Sep 23, 2026

Popular