Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
Confirm the cited First American Real House Price Index and NAR Housing Affordability Index releases show the stated recent gains and multi-month/three-year improvements.
First American’s Real House Price Index release for October 2025 reports that real house prices fell 1.1% from September and 4.2% year-over-year, and explicitly states that housing affordability improved year-over-year for the eighth consecutive month, reaching its best level since the summer of 2022—evidence of sustained recent gains in affordability on that measure. The National Association of Realtors’ October 2025 Housing Affordability Index report shows the index rising to 106.2, above 100 for the third straight month and 3.6% higher than a year earlier, as incomes increased and mortgage rates eased, which NAR describes as an improvement in national affordability. FRED’s series for the fixed-rate Housing Affordability Index, sourced from NAR, corroborates that the index climbed through mid‑ to late‑2025, including the October 2025 value of 106.2. While both sources note affordability remains worse than pre‑pandemic norms, they clearly show recent improvement. Verdict: True — Both the First American Real House Price Index and NAR’s Housing Affordability Index document recent gains in affordability, aligning with the statement that housing affordability has improved recently on these measures.