First American HPI shows US home prices rise 1% y/y in July, down 0.5% m/m

• First American Financial released its July 2026 Home Price Index, showing U.S. home prices up 1% year over year.
• National prices fell 0.5% month over month from June to July, extending a three-month stretch of roughly 1% annual gains.
• Housing supply growth has stalled while affordability constraints cap demand, leaving prices broadly rangebound.
• Chicago led major metros with a 6.4% annual gain, reflecting tight inventory.
• Austin posted the steepest decline at 2.9% year over year, consistent with elevated inventory.

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: 202608170900BIZWIRE_USPR_____20260817_BW174502) on August 17, 2026, and is solely responsible for the information contained therein.