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Home Prices in 20 U.S. Cities Advance More Than Forecast

Rows of houses stand in Las Vegas, Nevada, U.S.

Photographer: Jacob Kepler/Bloomberg

Updated on

A limited number of properties for sale against a backdrop of steady demand helped keep home prices elevated in January, according to S&P CoreLogic Case-Shiller data released Tuesday.

Home prices continue to post solid gains across the country, with the largest advances occurring in the West. While demand is being spurred by robust job growth, inventory remains lean and is allowing sellers to raise asking prices. The number of previously owned houses on the market during the month was the lowest for any January in National Association of Realtors’ records back to 1999.