Chicago-area home prices hit the ninth month of their strongest runup in at least three decades.
The region’s single-family home values rose by 12.5% in January from a year earlier, according to the S&P CoreLogic Case-Shiller March Report. During the housing boom of the early 2000s, prices were up in the 9% range for 13 months. The January increase for Chicago was larger than the prior four months, where increases were between 11.5% and 12.2%.