Springfield home prices rise in December

Springfield home prices, including distressed sales, rose 7.2 percent in December over the same month a year earlier, according to the latest data released by Santa Ana, Calif.-based real estate data tracking firm CoreLogic (NYSE: CLGX).

Excluding distressed sales - which comprise short sales and real estate owned transactions - December prices in the Queen City increased 4.4 percent, according to a news release.

Throughout the U.S., home prices, including distressed sales, jumped 11 percent in December compared to the same month in 2012. That represents the 22nd consecutive month of year-over-year increases in home prices nationally, according to CoreLogic.

Excluding distressed sales, U.S. prices rose 9.9 percent in December.

CoreLogic chief economist Mark Fleming said U.S. home prices increased 11 percent overall during 2013.

"The healthy and broad-based gains in home prices in 2013 help set the stage for the continued recovery in the housing sector in 2014," said Anand Nallathambi, president and CEO of CoreLogic, in the release. "After six years of fits and starts, we can now see a clearer path to a durable recovery in single-family residential housing across most of the United States."[[In-content Ad]]