U.S. home prices rise in January - S&P/Case-Shiller
NEW YORK, March 25
NEW YORK, March 25 (Reuters) - U.S. single-family home prices rose in January and slightly beat expectations, a closely watched survey said on Tuesday.
The S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.8 percent in January on a seasonally adjusted basis. A Reuters poll of economists had forecast a 0.7 percent rise.
"The housing recovery may have taken a breather due to the cold weather," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, speaking to the 0.1 percent price drop on a non-seasonally adjusted basis.
"From the bottom in 2012, prices are up 23 percent and the housing market is showing signs of moving forward with more normal price increases."