US house prices rise 0.3% in July 2026; Middle Atlantic up 1.5%, Mountain down 0.8%

National home prices rose faster in July than in June

The Federal Housing Finance Agency (FHFA) publishes a purchase-only house price index. It tracks the prices of homes bought and sold more than once, so it shows how values change over time. The seasonally adjusted US index rose to 443.52 in July from 442.34 in June. That is a rise of 0.27% on the month. It is also above every reading back to mid-2025. Prices were 2.6% higher than a year earlier, up from a 2.3% yearly rise in June. Part of that pickup reflects a weak July 2025. The index without seasonal adjustment also shows a 2.6% rise from a year earlier. The figures cover July, so they come before mortgage rates rose for several weeks starting in early August.

The Northeast and Midwest are rising fastest, while the West is nearly flat

Seasonally adjusted changes by region, on the month and then on the year:

• Middle Atlantic: +1.5% and +6.3%. Its index rose from 414.74 to 420.97, and it is the strongest region by a wide margin.
• East North Central: +0.1% and +4.5%. New England: +0.3% and +4.1%. West North Central: +0.4% and +2.9%.
• South Atlantic: +0.1% and +1.8%. West South Central: +0.4% and +1.2%.
• East South Central: −0.5% and +2.4%.
• Pacific: +0.6% and +0.7%. Mountain: −0.8% and +0.6%, with its index falling from 608.42 to 603.46.

Small revisions left June almost flat

FHFA revises the full history of the index every month under its repeat-sales method. This month's changes were small. The US index for June was revised down to 442.34 from 442.53. June now shows a 0.01% rise on the month. The Mountain index for May and June came down by about 1.5–1.7 index points.