SAN DIEGO (CNS) - Housing prices in the San Diego metropolitan area showed a slight increase in April compared to the previous month, but remain down over the past year, according to the Standard & Poor's Case-Shiller Home Price Indices released Tuesday.
The monthly increase in San Diego's index was 0.4 percent. Between April 2010 and April of this year, home prices are down 4.3 percent in the region.
The index set prices in each market at 100 in January 2000 and has since tracked the increase or decrease in housing costs since. San Diego's index is at 154.5, the fourth highest of the 20 regions followed by S&P.
Nationally, prices climbed in April for the first time in eight months.
"However, the seasonally adjusted numbers show that much of the improvement reflects the beginning of the spring-summer home buying season," according to David Blitzer, chairman of the S&P Index Committee. "It is much too early to tell if this is a turning point or simply due to some warmer weather."
Blitzer said initial May figures show slight upticks in housing construction starts and sales of new homes.
Washington, D.C., New York and Los Angeles are the only markets with prices that have grown faster than San Diego in the past 11 years. Housing prices remain below the January 2000 starting point in Cleveland, Detroit and Las Vegas.
One person was killed Tuesday in a single-car rollover crash on Interstate 8 near El Cajon, authorities said.
Only two days before preview night at Comic-Con kicks off and the streets of downtown San Diego on Monday night were being transformed in Comic-Con fever.
After last week's Build-A-Bear "Pay Your Age" sale fail, the company has announced you can still get the age deal (sort of) with its birthday-month "Count Your Candles" program.
IHOP has gotten over its identity crisis and is going right to a promotion that puts the spotlight on the flapjacks that made it famous.
Moisture levels will increase through Wednesday. Thunderstorms chances are elevated throughout San Diego County Wednesday and Thursday.
The San Diego City Council on Monday rejected Mayor Kevin Faulconer's plan regarding short term vacation rentals, but in a 6 to 3 vote approved City Councilwoman Barbara Bry's regulations plan.
The San Diego International Airport was granted $12.1 million in the Federal Aviation Administration's latest round of awards announced Monday.
A harbor seal with the most severe neck wound that SeaWorld's rescue team had ever seen was returned to the ocean after undergoing rehabilitation at the San Diego theme park.