SAN DIEGO (CNS) - The value of homes in San Diego rose by 1 percent from January to February, and 6.5 percent since February of last year, Standard & Poor's reported Tuesday.
San Diego's performance mirrored a nationwide rise in home prices over the past year, according to the S&P CoreLogic Case-Shiller Home Price Indices.
The index was created by taking the price of housing 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 stood at 233.31, representing well over a doubling of prices in 18 years or so. The growth is the second-most among the 20 cities in the index, behind Los Angeles.
According to S&P, the 20-market index stood at 193.49, up 0.4 percent for the month and 5.9 percent for the year.
"Housing and home prices continue to advance," said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices. "The S&P Corelogic Case-Shiller National Home Price Index and the two composite indices accelerated since the national index set a new high four months ago."
He said the number of sales has increased, even though the amount of homes for sale remains low. Housing affordability has continued to decline over the past five years, he said.
Home prices fell in only two markets between January and February, while all 20 advanced on an annual basis. The highest jump was in Seattle, at 12.2 percent.
Cal Fire is at the scene of a 30 to 50-acre wildfire burning off State Route 94 near Church Road in the Campo Indian Reservation.
Friends and relatives of a couple whose bodies were found in Joshua Tree National Park say they believe the two got lost while hiking in the sprawling desert park and struggled in the searing heat with little food or water before they died in a "sympathetic murder-suicide."
Sunshine and higher temperatures are making the return to San Diego County Saturday after intermittent drizzle across the region on Friday.
President Donald Trump is portraying the Islamic State group's ouster from its Syrian stronghold as a milestone in the U.S. fight against terrorism and a step toward a political transition and lasting peace in Syria.
The San Diego Police Department announced Saturday that officers will step up pedestrian safety enforcement operations.
The San Diego Gulls allowed power-play and shorthanded goals in the first period and an empty-net goal in the third in a 4-2 loss to the Stockton Heat Friday night at Stockton.
Authorities asked the public Friday for help in identifying and tracking down a pair of thieves who have carried out a two-week series of bank robberies this month in the San Diego area.
Backers of an initiative that would allow San Diego State University to buy the SDCCU Stadium site in Mission Valley for campus expansion are scheduled to begin seeking petition signatures Saturday.
An unknown assailant jumped a woman Friday on a walking trail near Gillespie Field airport and choked her nearly into unconsciousness, fleeing when she managed to break free, authorities reported.