Home Price Growth Cools in May

Two measures of U.S. home prices recorded annual gains in May, but at slower rates than in April.

U.S. House Prices Rise 4.0% YoY: FHFA

U.S. house prices rose 4.0% between the first quarter of 2024 and the first quarter of 2025, according to the U.S. Federal Housing Finance Agency House Price Index.

Today’s Pace of Home Sales is Weaker Than Many Realize

Mark Fleming, chief economist at First American, writes that comparing the pace of home sales today to past decades without considering the growing number of households is misleading.