CNN  —  US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January from a year before, accelerating from a 5.6% annual increase in December. It’s the highest annual increase since late-2022. “For the second consecutive month, all cities reported increases in annual prices, with San Diego surging 11.2%,” wrote Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, in a statement. “On a seasonal adjusted basis, home prices have continued to break through previous all-time highs set last year,” he noted.