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Home prices hit a 31-month high in January, Case-Shiller says

U.S. house prices roared to their highest in nearly three years as demand remains hot, especially in the west. The S&P/Case-Shiller 20-city index rose 5.7% in the three-month period ending in January compared to the same period a year ago, an acceleration from its 5.5% yearly increase in December. The 20-city index was up 0.2% for the month, or a 0.9% gain when seasonally adjusted.

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