San Diego area home prices ticked up 2.8 percent annually in September, perhaps signaling that fears of a looming housing slowdown earlier this year were overblown.
The S&P CoreLogic Case-Shiller home price index — a leading measure of U.S. home prices — found that the September year-over-year home price gains in San Diego mirrored the trend nationally.
Case-Shiller data released Tuesday put overall home price increases across the U.S. at 3.2 percent in September compared with the same month last year. Phoenix led the way for September with 6 percent annual gain. Charlotte hit 4.6 percent and Tampa posted a 4.5 percent increase.