Fannie Mae's Home Price Index (FNM-HPI) released on July 16, 2025, indicated that single-family home prices increased by 4.1 percent from Q2 2024 to Q2 2025. This growth rate is down from the previous quarter's year-over-year pace of 5.0 percent.
This trend continues the general moderation in home price growth observed since the peak in Q2 2022. The FNM-HPI measures the average, quarterly price change for all single-family properties in the United States, excluding condos.
The further moderation in home price growth suggests a cooling housing market. While still appreciating, slower growth can impact the collateral values of Fannie Mae's guaranteed mortgages and influence its credit risk management strategies.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.