Home Prices Flat from December to January

March 31, 2015 1:41 PM

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U.S. single-family home prices rose in January from a year earlier, led by strong increases in the South and West, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 4.6 percent in January on a year-over-year basis, slightly outpacing December's downwardly revised gain of 4.4 percent. This was also above a Reuters poll of economists that forecast a rise of 4.5 percent.

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