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.
Bike riders, scooter users and pedestrians -- and bad drivers -- in Mission Beach and Pacific Beach will be targeted for safety enforcement by San Diego police Sunday.
Just a few days ago thunderstorms rolled through San Diego bringing measurable rain to the county for the first time in months. But things are about to change as strong Santa Anas are headed our way.
A man led police on a short car chase and barricaded himself in a Mission Bay motel before officers were able to arrest him Sunday.
The weekend's rainy weather was expected to quickly give way to windy conditions ripe for wildfire by late Sunday night, prompting the National Weather Service to issue a Red Flag warning for parts of Southern California, forecasters said.
An overflowing sewage line in Del Mar prompted authorities to warn visitors to stay out of the water at a section of the city's shoreline Sunday.
Authorities were searching for a suspect on Sunday following an attempted sexual assault in Little Italy.
Chase De Leo scored on the final shot of the shootout to give the San Diego Gulls a 6-5 victory over the Ontario Reign Saturday night in Ontario, their first win of the 2018-19 American Hockey League season.
Just two weeks after a shark attacked 13-year-old Keane Webre-Hayes, he received a special gift from Wildlife Officers.
Dozens of fleet footed San Diegans stepped up to fight domestic violence on Saturday as a part of the 11th Annual "Walk A Mile in Her Shoes" event.