U.S. Home Prices Edge 0.2% Lower In November: Case-Shiller

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U.S. house prices edged back by 0.2% in November, to lower the year-on-year advance to 4.3%, according to the S&P/Case-Shiller 20-city composite released Tuesday. On a seasonally adjusted basis, home prices advanced 0.7%, the report said. "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." Chicago had the biggest fall, with a 0.9% drop, while Tampa had the biggest rise, of 0.8%. San Francisco leads in annual gains with an 8.9% advance from November 2013.

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