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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 man arrested Tuesday after leading authorities on a pursuit through the East County Tuesday is being charged with two separate stabbings that occurred hours earlier.San Diego County Sheriff's (SDSO) deputies arrested Patrick Douglas, 51, near Highway 94 and Freezer Blvd. following a vehicle pursuit with deputies earlier Tuesday.Douglas was charged with two counts of attempted murder in connection with two stabbings the same day in El Cajon and La Mesa.Deputies said the La Mesa stabbing occurred at the 7-Eleven at 4610 Avocado Blvd. A female delivery driver for Frito Lays, identified as 35-year-old Dina Hammond, staggered into the store with multiple stab wounds to her upper torso after having just made a delivery. 757

SAN DIEGO (KGTV) — A San Diego family just got bigger thanks to results from a recently taken DNA test.Sita Brooke and her brother, Odie, met their sister Eva Knight for the first time Friday. Brooke's father, Jim, was also on hand to meet his daughter.Brooke told 10News she purchased a DNA kit from Ancestry.com for her parents last Christmas to learn more about her family's origins. Knight, from Arizona, had also taken a DNA test recently.A parental match popped up for both of them.Brooke's dad served for 33 years in the U.S. Navy and was stationed in Trinidad at one point, where he met Knight's mother. And the sister's have even more in common. Knight is also originally from San Diego before moving to Arizona.The family members are now enjoying their newly discovered connections. 800

SAN DIEGO (KGTV) -- A man is being investigated on suspicion of DUI after driving into a house in San Diego’s Skyline neighborhood early Sunday morning.According to police, the man was driving his 2002 Mercedes Benz on the 6800 block of Madrone Avenue when he drifted off the road, went down an embankment and slammed into a house.The man received serious facial injuries and was taken to the hospital with non-life threatening injuries, police say.The house had only minor damage. It’s unclear if anyone inside the home was hurt in the crash. 556

SAN DIEGO (KGTV) -- A sailor from Naval Base Point Loma tested presumptive positive for coronavirus Sunday night. According to officials with the base, the individual is currently in quarantine in accordance with the CDC guidelines at his home. "Personnel that the individual had close contact with have been notified and are in self-isolation at their residence," officials say. RELATED: San Diego to legally enforce new public health orders over coronavirus"Naval Base Point Loma is committed to taking every measure possible to protect the health of our force," authorities added. The news comes as 55 people in San Diego County tested positive for coronavirus as of Monday. 686

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