Homes are looking like good investments again.
The median-priced resale home in the Chicago area leaped 7.3percent in the past year to nearly $90,900 from $84,700, reports theNational Association of Realtors.
The new national survey, which covers resales through June,ranks Chicago 10th in the nation in resale home prices.
Resale home values in No. 1-ranked New York jumped 14.4 percentto a median price of $183,000. Second-place Boston, with a medianprice of $175,000, saw home values leap 12.5 percent.
"Price pressures are putting a little investment fever back intothe housing market," said James W. Christian, chief economist of theU.S. League of …
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