Home prices make largest year-over-year jump in 6 years

Case-Shiller: 19 of 20 metros show price acceleration

The S&P/Case-Shiller 20-City Composite index posted its largest year-over-year gain in January since the summer of 2006.

The index, which tracks single-family home prices in 20 large U.S. metros, was up 8.1 percent in January from a year ago with all 20 areas including New York, which hadn’t seen year-over-year positive light in 28 months, registering gains.