National house prices rose 0.4% from July to August, according to House Price Index (HPI) data released Tuesday by the Federal Housing Finance Agency (FHFA).

The regulator of Fannie Mae and Freddie Mac reported that regional trends underscore mixed market conditions across the U.S. The previously reported 0.1% national house price decline from June to July was revised to 0%.

House prices rose 2.3% annually in August, the same rate of growth observed in July. House prices rose 4.2% from August 2023 to August 2024, however, reflecting the cooling trend underway nationwide.

Among the nine census divisions tracked by the FHFA, house prices continue to show the greatest resilience in the Middle Atlantic division. Comprising New York, New Jersey and Pennsylvania, that division notched a 1.2% monthly increase and was the only division to outpace last year’s gains, rising 6.3% in August 2025 compared to 6.1% a year ago.

The New England census division, which includes Connecticut, Massachusetts, Rhode Island, Vermont, New Hampshire and Maine, as well as the East North Central division, comprising Ohio, Indiana, Illinois, Michigan and Wisconsin, also recorded strong annual gains in August, each rising 4.7% compared to 6.3% and 7% a year ago, respectively.

The Pacific division, which includes California, Oregon and Washington, showed the greatest weakness in house prices, declining 0.8% monthly. That division notched 3.2% growth from August 2023 to August 2024. However, the 0.6% annual decline observed in August 2025 reflects a 3.8% swing to the downside.

The West South Central division, comprising Texas, Louisiana, Arkansas and Oklahoma, also underperformed, declining 0.2% from July and rising just 0.7% from last year.