US home prices continued their steady upward march in February as buyers competed for a limited number of available properties.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.4 per cent that month compared with a year earlier, according to a report released on Tuesday. That’s down slightly from January’s 5.7 per cent rise. Prices are rising even as sales have levelled off in recent months. The number of…