SAN DIEGO (CNS) - Home prices in San Diego rose 0.3 percent between October and November, and climbed 6 percent since November of the previous year, according to data released Tuesday.
Both the monthly and annual increases were greater than corresponding national figures.
The Standard & Poor's Case-Shiller Home Price Indices were created by taking the price of housing in 20 major markets in January 2000, assigning them a value of 100, and tracking their subsequent rise and fall.
San Diego's figure in November was 216.3, representing more than a doubling of home values over the past 16 years.
The aggregate for the 20 markets in the index was 182.86, up 0.1 percent from October and 5.8 percent from November 2014.
David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said the Case-Shiller indices are 4.8 percent short of their July 2006 peak, and 29.2 percent above their bottom in January 2012.
"Home prices extended their gains, supported by continued low mortgage rates, tight supplies and an improving labor market," Blitzer said. "Sales of existing homes were up 6.5 percent in 2015 vs. 2014, and the number of homes on the market averaged about a 4.8 months supply during the year -- both numbers suggest a seller's market."
Hundreds of statewide faith leaders will march Saturday afternoon to the Otay Mesa Detention Center, where they will protest immigration policies that separated more than 2,300 children from their parents.
A 325-acre blaze burning at Camp Pendleton Saturday was described as a ``training fire'' by a base official.
The average price of a gallon of self-serve regular gasoline in San Diego County dropped today for the 16th consecutive day, decreasing nine-tenths of a cent to $3.697.
A crash on an Oceanside freeway Saturday morning left two cars on their roofs and sent one person to a hospital, a fire official
Cooler weekend for the County due to a low pressure trough moving through the Great Basin. Weak and shallow marine layer may still be slow to clear.
A stretch of road in National City was shut down briefly after a large crowd took to the streets to celebrate the Mexico national soccer team's 2-1 victory over South Korea today in the 2018 FIFA World Cup.
The San Diego Humane Society today urged residents to volunteer their homes as foster spaces for the influx of animals typically lost after Fourth of July.
A man was critically injured Friday night when he chased a ball into the street and was hit by a car.
Clayton Richard pitched three-hit ball over six innings for his fourth consecutive win and the San Diego Padres beat the San Francisco Giants 6-2 on Friday night.
A powerful show of support for migrants being held in detention facilities has hundreds of interfaith leaders gathered Friday night for a vigil and demonstration at the border.