US home prices post 6.2% annual gain in January

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.

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Source: CNBC