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.
Authorities Wednesday released an artist's rendering of a man who attacked a 63-year-old pedestrian without provocation in Alpine two months ago, leaving her with a broken nose and numerous cuts, scrapes and bruises.
City crews Wednesday removed a plaque referencing Jefferson Davis, former president of the Confederacy, from Horton Plaza Park in downtown San Diego.
A 79-year-old man with Parkinson's disease who went missing in Chula Vista has been found, authorities said Wednesday.
Former NFL quarterback and Washington State star Ryan Leaf is joining SiriusXM's for regular talk show appearances on the satellite radio's college sports channel.
Stone Brewing Co., the 9th-largest craft beer company in the United States, can finally exercise its 21st Amendment right. That’s right.
An Oceanside man cleaning his handgun in an upstairs apartment accidentally fired the weapon, sending a bullet into the apartment below and critically injuring a woman, police said Wednesday.
An Escondido father shot a man Wednesday morning who tried to break into the home where he, his wife and two teenage daughters were sleeping, authorities said.
Light rain may be in store for the morning commute Wednesday in San Diego as a deep marine layer along the coast continues to pull temperatures below average for this time of year.
With just a week to go, many people across the U.S. are buzzing about the "Great American Eclipse."