Home prices in major cities across the nation were up 10.9 percent in March from March 2012, the biggest year-over-year increase since April 2006, according to the data trackers who put together the S&P/Case-Shiller Home Price Indices.
Their surveys show that:
-- While prices rose 10.9 percent on average across 20 metropolitan areas, the strongest gains were in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent).
-- There were 360,000 first-time claims for unemployment insurance last week, up 32,000 from the week before, the Employment and Training Administration says. At 360,000, the pace was the fastest since the last week of March. But it remained well below the 400,000-and-higher rate that lasted from mid-2008 into 2011.