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US Home Prices Soared In January By Most In Seven Years

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A "Sale Pending" sign stands along side a new driveway in Madison County, Miss., Tuesday, March 16, 2021. U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, March 20, rose 11.1% in January from a year earlier. (AP Photo/Rogelio V. Solis)

(AP) — U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 11.1% in January from a year earlier. That’s the biggest gain since March 2014. Prices rose in all 20 cities, and the 12-month increase was larger in January for all cities than in the previous month.

 

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