First American: US home prices hit record high as May index rises 0.3% m/m

First American Financial Corporation

First American Financial Corporation

FAF

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  • First American Financial’s May 2026 Home Price Index showed U.S. house prices rose 0.3% m/m, up 0.7% y/y.
  • National price level set a new record despite sub-1% annual gains for nine straight months, reflecting steady small increases.
  • Supply remained below pre-pandemic norms even as inventory rose from a year earlier, limiting both upside and downside price moves.
  • Luxury homes outperformed starter and mid-tier segments as higher-income demand held up despite elevated mortgage rates.
  • Chicago led major metros with 6.2% y/y price growth; Denver fell 2.5%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First American Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260630980485) on June 30, 2026, and is solely responsible for the information contained therein.

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