US Home Prices Jump
Up everywhere except Chicago
U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006, according to a report by CoreLogic.
But the numbers were not positive for the Chicago market, with prices falling 2.9 percent from a year ago. Excluding sales of distressed properties — those in foreclosure or bank-owned — local prices gained 1.8 percent.