SAN DIEGO (CNS) - Despite a recent dip in home prices, San Diego was among only four cities nationwide to record increasing prices between October 2009 and this past October, according to Standard & Poor's/Case-Shiller Home Price Index released Tuesday.
With all markets given a score of 100 in base year 2000, San Diego had an index score of 159.99 in October, representing a 3 percent increase compared to October 2009, according to the report.
The other cities where housing prices increased Los Angeles, San Francisco and Washington, D.C.
Nationwide, housing prices have been stalled for about five months, leading the head of the S&P Index Committee to worry over the possibility of slipping back into recession.
"The double-dip is almost here, as six cities set new lows for the period since the 2006 peaks," David Blitzer of S&P said. "There is no good news in October's report. Home prices across the country continue to fall."
Blitzer said sales of homes are down 25 percent in the U.S. since last year, the supply of unsold homes is up 50 percent and housing construction starts are near 30-year lows.
The president of the La Mesa – Spring Valley School District Board on Tuesday faced calls to resign over a post on his personal Facebook page.
The City has received a national award for an event celebrating the pioneering use of recycled water to make beer.
A Coaster train struck a pedestrian Wednesday near San Diego's Mission Hills neighborhood, possibly a woman in a wheelchair, prompting disruptions in commuter service.
All lanes reopen on Interstate 15 after an SUV was pinned by a box truck, causing the HOV lanes to close in both directions.
The San Diego City Council's Budget and Government Efficiency Committee will discuss during Wednesday's meeting a permit and fee system for dockless vehicle operators.
Throughout the nation Tuesday, the collective protest against the Trump administration’s policy of separating children from their families at the border reached fever pitch.
Above average temperatures return to the county as high pressure strengthens south of our region. Marine layer will become very suppressed under the high pressure, but may not be completely dissipated.
On Tuesday night, the voice of the San Diego Padres, Ted Leitner, returned to the radio booth just weeks after a cancer scare.
Despite community backlash, on Tuesday the San Diego Unified School District voted 4 to 1 to approve a new 300,000 square-foot housing project in Scripps Ranch that will replace a charter school and provide affordable housing units, a community garden and retail space.