Home prices in San Diego rose 0.4 percent from December to January and 6.9 percent since January 2015, according to the Standard & Poor\u2019s Case-Shiller Home Price Indices released March 29.
\nThe indices were created by taking the cost of housing in the nation\u2019s major real estate markets in January 2000, assigning them a value of 100, and tracking their subsequent rise and fall. San Diego stood at 218.77 in January \u2014 more than a doubling of home prices over 16 years. The climb was the second fastest in the United States, behind only the 241.61 of Los Angeles.
\nWhile the monthly gain was one of the highest among the 20 big cities in the index, the annual climb was tied for eighth, as some markets experienced double-digit percentage increases.
\nThe national 20-city index was at 182.56, the same as the month before, but 5.7 percent higher than in the same month in 2015.
\nDavid Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said recent low inventories of available homes are slowing the move-up market for existing owners.
\n“While low inventories and short supply are boosting prices, financing continues to be a concern for some potential purchasers, particularly young adults and first-time home buyers,” Blitzer said.
\n“The issue is availability of credit for people with substantial student or credit card debt,” Blitzer said. “While rising home prices are certainly a factor deterring home purchases, individual financial positions are more important than local housing market conditions.”
\nHe said the number of construction starts of new single-family homes in February was the highest since November of 2007.
\n\u2013 Servicio de Noticias de la Ciudad<\/p>","protected":false},"excerpt":{"rendered":"
Home prices in San Diego rose 0.4 percent from December to January and 6.9 percent since January 2015, according to the Standard & Poor\u2019s Case-Shiller Home Price Indices released March 29. The indices were created by taking the cost of housing in the nation\u2019s major real estate markets in January 2000, assigning them a value […]<\/p>","protected":false},"author":726,"featured_media":293196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"11561","_seopress_titles_title":"SD home prices up 6.9 percent since 2015, double over 16 years","_seopress_titles_desc":"","_seopress_robots_index":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[12360,11551,11561],"tags":[],"class_list":["post-293198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-duplicate","category-news","category-peninsula-beacon"],"_links":{"self":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/293198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/users\/726"}],"replies":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/comments?post=293198"}],"version-history":[{"count":0,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/posts\/293198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media\/293196"}],"wp:attachment":[{"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/media?parent=293198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/categories?post=293198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/test.sdnews.com\/es\/wp-json\/wp\/v2\/tags?post=293198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}