Home prices in Chicago area up over 2 percent in December - FOX 29 News Philadelphia | WTXF-TV

Home prices in Chicago area up over 2 percent in December

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CHICAGO (Sun-Times Media Wire) -

Home prices in the Chicago metropolitan area rose 2.2 percent in December from a year earlier, according to the latest Standard & Poor's/Case-Shiller home price index.

But prices slid 0.7 percent from November, the biggest monthly decline among 20 metropolitan areas, the report showed.

The 10-city index rose 5.9 percent year-over-year and climbed 0.2 percent from November. The 20-city index rose 6.8 percent from December 2011, and also rose 0.2 percent from November.

Nineteen metropolitan areas posted gains year-over-year, with only New York showing a decline of 0.5 percent.

In contrast, only nine metropolitan areas saw gains from November to December.

The biggest annual gains were in Phoenix, up 23 percent; San Francisco, up 14.4 percent; Detroit, up 13.6 percent; and Las Vegas, up 12.9 percent.

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