Home prices exploded at the end of the year

It was the biggest December surge in 15 years

Chicago-area home prices finished 2020 with their biggest year-end surge in 15 years, according to a national index.

The region’s single-family home values rose 7.7 percent in December, compared to a year earlier, according to the S&P CoreLogic Case-Shiller Indices.

The last time prices rose by more in December was 2055, during the height of the housing boom. At that time, the index reported a 9.6 percent increase in Chicago-area home values from a year earlier… Click Here to Continue Reading