The FHFA House Price Index increased 0.1% MoM and 3.9% YoY in February, down from 5.0% YoY in January and below expectations of a 0.3% MoM increase.

• The February monthly increase was the slowest since June 2024, and the annual rate was the slowest since June 2023.
• The Pacific (-0.8% MoM) and Mountain (-0.7% MoM) regions were the weakest as they both registered monthly declines.
• New England (+1.3% MoM) and East North Central (+0.8% MoM) were the strongest regions.