The Federal Housing Finance Agency published the 2025 Q1 Housing Price Index report, and national data show home prices rose 4.0 percent between the first quarter of 2024 and the first quarter of 2025. House prices were up 0.7 percent compared to the fourth quarter of 2024. FHFA’s seasonally adjusted monthly index for March was down 0.1 percent from February. Nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012. The five-year home