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SAN DIEGO (KGTV) -- A new report is looking into why there is a shortage of homes for sale around the country. According to the report by NerdWallet, in October of 2017, the US had a 3.9-month supply of existing homes for resale, meaning at that pace, it would have taken 3.9 months to sell all the homes on the market. According to NerdWallet, a supply under six months places home buyers at a disadvantage. The report identifies six reasons why the housing supply is so low. 1. Boomers aren’t movingOver three-fourths of baby boomers own their own homes, according to the report, meaning millennials don’t have enough homes available to buy. The report also found that rising home prices force baby boomers to stay put because they don’t have the cash to downsize. RELATED: California gas tax set to increase July 12. Landlords won’t sellNerdWallet says millions of single-family homes were converted to rentals after the foreclosure crisis. In 2017, renters made up 36 percent of households. A greater demand for homes coupled with less supply means values rise while rents are rising faster than home prices. 3. Low mortgage rates The report points out that interest rates on outstanding mortgages averaged about 3.8 percent over the last three years. As mortgage rates rise, fewer people are interested in selling and getting into new mortgages. 4. Entry-level homes ignored by buildersIn the first nine months of 2017, nearly 500,000 newly-built homes were sold of which 55 percent sold for 0,000 or more. NerdWallet says builders blame high land cost and a lack of skilled construction workers for not building more entry-level homes. RELATED: Program vows to help San Diego teachers buy homes5. Regulations add costThe report points out the homebuilders say environmental protection, infrastructure fees and rules that specify lot sizes all add tens of thousands of dollars to the cost of building every single home. According to the report, regulations account for roughly one-quarter of the cost of each home. RELATED: San Diego County city shows enormous home appreciation in 20 years6. Owners want a restricted supplyFinally, the report found that local zoning and land-use regulations are enacted by officials elected by the people. The report says those officials are only responding to constituents who want a limit on the number of homes that can be built in a neighborhood. Elected officials can also set a minimum square footage for homes, further limiting supply. “There are regulations that are more about the neighbors’ sensibilities than they are about the safety of the people living in the houses,” says Miriam Axel-Lute, associate director of the National Housing Institute. “It’s neighbors who want their property values to go up, in most cases, who are insistent upon some excess safety design standards or minimum lot sizes or other things,” Lute says. “They either want their property values to go up or they don’t want, quote, ‘the wrong sort of people’ in their neighborhoods. This is the pressure behind a lot of the most damaging regulations out there.” 3097

SAN DIEGO (KGTV) - A Penske truck driver hit a fire hydrant in Mission Valley Thursday, creating a geyser.The crash happened about 3 p.m. at Camino de la Reina and Mission Center Rd.Firefighters shut down part of Camino de la Reina due to flooding. 256

SAN DIEGO (KGTV) -- A man died Saturday night after deputies say he was attacked by a group of people while crossing the street in Vista. According to the San Diego County Sheriff’s Department, the attack happened at 10 p.m. at the intersection of West Vista Way and Valencia Drive. Witnesses say the man was at the intersection when he was attacked by three men and a woman all in their 20s. RELATED: Man arrested after driving into crowd outside Encinitas barAfter falling to the ground, the victim was able to crawl onto the sidewalk before collapsing. He later died after being taken to the hospital. Deputies searched the area but were unable to locate any of the suspects. Anyone with information is asked to call the Sheriff’s Homicide Unit at 858-565-5200. 773

SAN DIEGO (KGTV) -- A Navy sailor appeared in court Tuesday after authorities say he stole 20 hand grenades from a San Diego-based guided missile destroyer.Authorities say Gunner’s Mate Second Class Aaron Booker was taken into custody in Illinois.According to court documents, personnel assigned to the USS Pinckney discovered that 20 grenades disappeared from their storage crates in 2017.In April 2017, an off-duty law enforcement officer noticed a black backpack leaning against a guardrail on the side of the road along Interstate 15 in northwest Arizona.The bag was standard military issue with “GM2 BOOKER” handwritten on a tag inside the bag. The bag contained 18 of the grenades that were missing from the USS Pinckney.According to authorities, law enforcement is still searching for the two missing grenades.The complaint states that Booker acknowledged to investigators that he drove the same route before reporting to his duty station in March.“A backpack full of grenades on the side of the road is obviously extremely dangerous and could have had resulted in injuries or death,” said U.S. Attorney Adam L. Braverman said. “The theft of explosives is a very serious offense, particularly if it is carried out by an insider with access to military weapons and secrets.”Booker will appear for a detention hearing before being transferred to San Diego. The maximum penalty for the crime is 10 years in prison and a 0,000 fine.  1462

SAN DIEGO (KGTV) — A San Carlos couple says they were amazed after reaching out to neighbors about gifting some holiday cheer to those in need.Twas the time before Christmas, and the Kvendru home in San Carlos bears similarities to Santa’s workshop."Not a lot of space on the counters. It's like a hoarder home," laughed Renae Kvendru.For Renae Kvendru and her husband David, the journey to this moment began eight holidays ago, when they handed out some 12 Ziploc bags filled with supplies to the homeless. Since then, their efforts have grown slowly every year.This year, they decided to appeal to their neighbors on the Nextdoor app for supplies."The response was overwhelming and extremely heartwarming. I was expecting 20 jackets, and I got hundreds," said Kvendru.Their converted garage is filled with boxes of donations, including other clothing items, gloves, shoes and umbrellas. The couple also plans to hand out COVID-prevention kits."We made COVID bags ... a couple of masks, hand sanitizer, and wipes," said Kvendru.In all, the couple has put together some 300 gift bags and stockings filled with snacks and toiletries, including some special bags for kids that come with a stuffed animal.Renae gets emotional when talking about a gift she received as a child."I grew up poor, though I was never on the streets and always had food. One year, I think it was Toys for Tots ... some big truck came by our house and gave me a big teddy bear. There are pictures of me hugging that teddy bear. Just remembered how happy that teddy bear used to make me as a kid. If you can give someone that moment, that’s pretty awesome," said Kvendru.Starting this weekend, the couple will drive through areas with homeless populations and start passing out their holiday gifts."If you can help make one person’s day a little brighter, you’ve done good ... I hope this can inspire others to do little things to help the homeless or less fortunate. We need to help another," said Kvendru. 1987