U.S. House Prices Climb 0.9% In March

U.S. house prices rose 0.9% in March to take the year-on-year advance to 5%, according to the S&P/Case-Shiller 20-city composite index released Tuesday. With seasonal adjustment, prices were up by 1%, the report said. Nineteen of the 20 cities measured showed gains, led by the 3% jump in San Francisco; only New York saw a decline, with a 0.1% dip. San Francisco, at 10.3%, has the highest year-to-year gain; Cleveland and Washington D.C. are tied for the lowest, at 1%.