The S&P/Case-Shiller National Home Price Index for January 2016 showed that prices gained 5.4% year-over-year for the month, the 43rd consecutive month of year-over-year growth since prices turned up in June 2012. The January growth rate was in line with the December rate and slightly higher than the average rate over the past year. Looking ahead through 2016, we anticipate home prices rising in the 4.5%-5.5% range.

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