SAN DIEGO (CNS) - Home prices in San Diego nudged upward 0.1 percent between January and February, and increased 6.4 percent from February 2015, according to the Standard & Poor's Case-Shiller Home Price Indices released Tuesday.
The monthly and annual changes were similar to those of the national indices.
S&P created the indices by taking home prices in 20 major real estate markets in January 2000, assigning them a value of 100, and tracking their subsequent rise and fall.
In February, San Diego's index reading was at 219.06, representing more than a doubling of home values over more than 16 years. The rise was the second- fastest in the country, behind only Los Angeles.
The 20-city index rose 0.2 percent in February, and gained 5.4 percent since February of last year.
"Home prices continue to rise twice as fast as inflation, but the pace is easing off in the most recent numbers," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. ``The year-over-year figures for the 10-city and 20-city composites both slowed and 13 of the 20 cities saw slower year-over-year numbers compared to last month."
Blitzer said the low supply of available homes is making it difficult for homeowners looking to move up to a larger house or a more desirable neighborhood. The pace of single-family home construction still hasn't fully recovered from the recession, he said.
Police searched for a suspected car thief who fled into a canyon in Linda Vista on Sunday afternoon.
Two San Diego police officers were shot and wounded in a standoff at a College Area condominium that left the suspect dead late Saturday night.
A motorcyclist smashed his bike into the rear of a sheriff's patrol car, as the deputy made a left turn, and was killed in Encinitas Sunday.
In Silicon Valley, entrepreneurs have heralded innovations like smartphones and car-sharing. Now, Tim Draper, one of the valley's most successful venture capitalists, wants to similarly shake up the way California is governed by dividing it into three states.
Warm weather is expected to return to San Diego this week peaking around the mid-week point. Temps should cool again by next weekend.
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