The housing prices in the U.S. rose in January for 24 consecutive months, according to the Case-Shiller survey released Tuesday by Standard & Poor’s.
The average price of homes for sale in the 20 largest cities in the United States increased 0.8% from the previous month, according to seasonally adjusted data, the agency said in a statement.
The index, which describes the evolution of the market two months late, had increased at the same rate in December.
In one year, the index rose 13.2% in January, in line with analysts’ forecasts (13.3%).
“Market expectations and recent data still portend price increases for 2014 even though most experts do not expect rapid increases observed last year,” said one of the leaders of the indicator, David Blitzer, cited in statement.
Blitzer noted, however, that the housing recovery has recently made a “pause” due to the cold wave that hit the United States and slowed the pace of transactions.