WASHINGTON — U.S. home prices posted another big gain in January, pushed higher by a shortage of homes for sale.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index climbed 6.2 percent in January from a year earlier. That nearly matches December’s 6.3 percent gain, which had been the fastest 12-month growth in almost three years. The January increase was in line with economists’ expectations.
Prices rose 12.9 percent in Seattle, 11.1 percent in Las Vegas and 10.2 percent in San Francisco. Chicago and Washington D.C. posted the weakest annual gains: 2.4 percent each.
