Pursuits
U.S. House Prices Climbed 0.5% in January as Inventory Tight
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U.S. home prices rose in January as shoppers competed for a limited inventory of listings.
Prices increased 0.5 percent on a seasonally adjusted basis from December, the Federal Housing Finance Agency said Tuesday in a report from Washington. The gain matched the median estimate of 19 economists, according to data compiled by Bloomberg. Prices climbed 6 percent from a year earlier.