WASHINGTON — U.S. home prices rose at a steady pace in January, pushing prices up at a faster pace than wages and putting more homes financially out of reach for would-be buyers.
The Standard & Poor’s/Case-Shiller 20-city home price index rose 4.6 percent in January compared with 12 months earlier, S&P said Tuesday. That is up from growth of 4.4 percent in December.
Few Americans have listed their homes for sale, and the tight supply has kept prices higher.
Read Wednesday’s Arkansas Democrat-Gazette for full details.