National, local home prices continue to climb

Home prices in the United States, including distressed sales, were up 7.2 percent in December year-over-year.

Prices were up a minuscule 0.8 percent compared with December, according to data released this week by CoreLogic in Irvine.

In the Inland Empire, prices were up 6.1 percent in December year-over-year and 0.1 percent compared with November.

Nationwide, home prices are expected to rise just 4.7 percent throughout the rest of 2017, due to high demand and an ongoing lack of supply, CoreLogic reported.