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.
Volunteers turned out in force Saturday to participate in the I Love a Clean San Diego’s 14th Annual Creek to Bay Clean Up.
A toddler was badly injured Saturday after being struck by a pickup truck at Crawford High School in the neighborhood of El Cerrito, police said.
Inspired by San Diego poll results regarding North Korean relations, Rep. Susan Davis hosted a public panel discussion about negotiations and a possible meeting between President Donald Trump and North Korean leader Kim Jong Un.
Tyson Ross lost his bid to pitch the first no-hitter in San Diego Padres' history when center fielder Franchy Cordero appeared to misplay a ball with two outs in the eighth inning Friday night of a 4-1 win over the Arizona Diamondbacks.
A fifth-grade teacher at Rosa Parks Elementary School in the San Diego Unified School District has been arrested for allegedly distributing pornographic images of young girls, including a toddler, authorities announced Friday.