CoreLogic reports Chicago-area home price surge

CoreLogic is reporting that home prices nationally increased 11% year-over-year in December 2013, the 22nd consecutive month in which home prices increased year-over-year.

Single-family home prices, excluding distressed properties, in the Chicago area rose 12.4% year-over-year in December, the fourth-highest percentage increase among the largest metropolitan areas. Including distressed properties, Chicago prices rose 12.5% year-over-year, the fifth-highest rate of increase.

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