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.
Dozens of people bearing flowers or stuffed animals attended a funeral for a newborn girl found dead in July along a Southern California highway.
All southbound lanes of Interstate 5 will be closed from 9:30 p.m. to 5 a.m. starting tonight and continuing through Monday, according to the San Diego Association of Governments.
A winter storm in the southeastern United States was impacting travel Sunday, causing the cancellation of more than 1,000 flights, including some to and from San Diego.
A 27-year-old man suffered non-life threatening injuries despite being shot at least eight times while walking on a sidewalk Sunday morning in the Chollas View community of San Diego.
On December 8th, 2008, tragedy struck in University City after an F-18 fighter jet came crashing down striking two homes.
One person was killed and another injured after a shooting in Mt. Hope late Saturday, but the shooter was gone by the time police got to the scene.
Traffic was snarled mid Saturday morning after an accident involving four military Humvees closed lanes on northbound Interstate 5 near Cannon Road.
This week’s storms caused a major headache for a number of San Diegans with widespread flooding across the county.
Temperatures will begin to rise through the weekend under high pressure and weak offshore flow. Cool temperatures return early next week.
A man drowned while trying to swim across an Imperial County canal after illegally entering the United States on Wednesday, U.S. Customs and Border Protection officials said.