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.
One of San Diego's most decorated war heroes has died at the age of 98. In Tuesday's Zevely Zone, Jeff is in Poway to say farewell to a legend.
The amphibious transport dock ship USS Portland will arrive Monday to make Naval Base San Diego its new home port.
A man who fell off Crystal Pier in Pacific Beach and was never seen resurfacing remained missing Monday morning after a nightlong search by U.S. Coast Guard personnel, authorities said.
Hundreds of Helix High School students staged a walk- out Monday morning to protest police brutality after video emerged over the weekend on social media showing a La Mesa police officer on campus slamming a teenage girl to the ground.
Following rain and snow Friday evening and a weekend of cooler weather across San Diego County, a slight warming trend is expected to begin Monday and continue through at least the middle of the week.
A local war hero is about to be laid to rest. Retired Navy Captain James "Duffy" Hutton spent years of his service as a prisoner of war in Vietnam before he settled down here in San Diego.
Sunday marked day two of the government shutdown - and with the work week beginning Monday - thousands of employees may not go back to work.
A motorcyclist was suspected of drunken driving after causing a late-night car crash in Pacific Beach, police said Sunday, and hours later, a second crash occurred in the intersection while police were still investigating.