U.S. house prices rose +0.4% MoM and +1.7% YoY in October 2025, reflecting a firmer monthly rebound with steady annual growth.

• The FHFA House Price Index increased +0.4% MoM in October (vs +0.1% expected), while the annual rate held at +1.7% YoY, indicating unchanged year-over-year appreciation despite stronger monthly momentum.

• September’s monthly change was revised down from 0.0% to -0.1% MoM, showing slightly weaker price performance heading into October.

• Monthly price changes across the nine census divisions ranged from -0.4% in the East South Central division to +1.0% in the West South Central division, highlighting notable regional dispersion.

• On a 12-month basis, census-division price changes ranged from -0.7% in the West South Central division to +5.3% in the Middle Atlantic division, indicating uneven annual growth across regions.

• National house prices were +1.7% YoY from October 2024 to October 2025, maintaining the same annual pace as the prior month despite volatility in monthly readings.