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.
A ribbon-cutting ceremony was held Tuesday to celebrate the opening of a joint-use park at McKinley Elementary.
A vote is expected Tuesday as the Del Mar Fair Board considers transforming the Surf Side Race Place into a new indoor entertainment venue.
The San Diego City Council Tuesday formally approved a $225,000 settlement in litigation brought by a deputy city attorney, who alleged sexual harassment by her former supervisor.
The Gate Fire, which has burned about 2,056 acres northwest of Dulzura, was 95 percent contained Monday. Cal Fire also reported that all evacuation orders and warnings were lifted in the fire area.
The Gate Fire northwest of Dulzura has been fully contained. Cal Fire says its crews will remain on scene Tuesday mopping up and guarding against flareups.
The North County Transit District (NCTD) has voted to lay off its enforcement officers that patrol local train and bus stations.
It'll be mostly sunny in the majority of San Diego County Tuesday, once the morning clouds and fog clear.
The North County Transit District (NCTD) has settled a high-profile lawsuit with a former employee for nearly $100,000.