House Prices Edge Higher in November

Washington, DC, Jan. 27, 2015 -- House prices increased by 0.2% in November from October, as year-over-year prices rose 4.3%, according to the S&P/Case-Shiller index.

On a seasonally adjusted basis, home prices rose 0.7%.

"With the spring home buying season, and spring training, still a month or two away, the housing recovery is barely on first base," says David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.

"Prospects for a home run in 2015 aren't good."