U.S. home prices posted their biggest annual jump in more than six years in October in a sign the housing sector continues to recover, data analysis firm CoreLogic said on Tuesday.
CoreLogic's home price index rose 6.3 percent compared to October a year ago, the biggest increase since June 2006 and the eighth consecutive increase in home prices nationally on a year-over-year basis, CoreLogic said.
In the Chicago area, October home prices fell 2.3 percent compared with a year ago and were down 1.1 percent since September. Excluding distressed sales, prices rose 1.5 percent on a year-over-year basis.
