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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 heartbroken Allied Gardens homeowner is pleading for the return of a stolen trailer? which contained the belongings of her hospitalized mother.When Erin Rose went out to the driveway of her home on Delbarton Street Friday morning, she froze. "My heart just dropped into my stomach. I felt nauseous," said Rose.Missing from her driveway was her 5-ft x 8-ft trailer. Drag marks revealed how it left the home."You can see it extends all the way to the street ... and to the intersection," said Rose.Rose had locked up the trailer in two places. The only thing she found were the remnants of one of the locks."Just heartbreaking and sad," said Rose. The trailer contained all the belongings of her mother Gail, 74, a part-time San Diegan recently hospitalized in Wisconsin with a heart condition. Rose had been storing her mother's belongings since buying a home months ago."That's all my mom has left. Now she has nothing," said Rose.Inside the trailer: furniture, household items, and some jewelry, including family heirlooms. There was also a lifetime of photos. Most of them haven't been digitized. Rose waited a week to tell her mother, until she was strong enough to receive the news."She cried, she cried. She knew she couldn't get stressed out, couldn't get her heart rate up. Right now she's focusing on her health. Hasn't really hit her she's going to come back to nothing," said Rose.Rose is now hoping to change that by making a plea for tips."I just want when she comes back to be able to have her photos on her nightstand. I know she'd really, really love that," said Rose.The white Cargo Express trailer has the word 'Tucson' written in black on the side. Anyone with information is asked to call Crimestoppers at 888-580-8477. 1767

SAN DIEGO (KGTV) -- A judge is considering placement locations for a sexually violent predator convicted of sexual offenses against children between the ages of 4 and 9.Judge Howard Shore issued a written decision Tuesday that a proposed address on the 15000 block of Adams Drive in Pauma Valley was not suitable for the placement of Joseph Bocklett.A news release from the District Attorney said Judge Shore is considering other potential housing options.Bocklett was convicted of three sexual offenses over a 19-year period involving children between the ages of 4 and 9.He was sentenced in 2000 to a 17-year prison term before being committed to Coalinga State Hospital for treatment.Last year, Bocklett petitioned for the Conditional Release Program for sex offenders. He was granted conditional release to a supervised home. "I can certainly empathize with the feeling that people do not want someone like Mr. Bocklett in their community,'' Shore said during last Friday's hearing. ``I would be shocked if anyone wrote a letter saying, `We can't wait to have him living in our community.' I would expect that everyone would be opposed.''City News Service contributed to this report. 1196

SAN DIEGO (KGTV) -- A man suspected of shooting another man during an altercation on a trolley in downtown San Diego was taken into custody, San Diego police said.At around 5:15 a.m. Wednesday, officers were called to the trolley station in the 1200 block of Imperial Avenue after a 35-year-old man was shot in the leg.According to police, the victim was struck by gunfire during in a verbal altercation with another man while both were riding a trolley train. Police said the victim was able to tackle the suspect, and other trolley passengers helped get the gun away from the suspected shooter.The suspected shooter fled the scene following the incident.ABC 10News learned the victim was rushed to the hospital and is expected to survive.About 90 minutes after the shooting was reported, officers spotted the man believed to be linked to the incident near Logan Avenue and Beardsley Street and then detained him.The suspect was later identified as 18-year-old Salvador Sanchez Cantero.A motive for the altercation is unclear; the shooting is under investigation. 1072

SAN DIEGO (KGTV) - A Red Flag warning has been issued for parts of San Diego County ahead of a Santa Ana wind event expected to move in Thursday. The red flag warning goes into effect from 5 a.m. Thursday to 5 p.m. Friday for San Diego County’s inland valleys and mountains, the National Weather Service said. East to northeast winds 25 to 35 miles per hour with gusts up to 50 miles per hour are forecast. Winds will be the strongest below the Cajon Pass and in the Santa Ana Mountains, according to the agency. Lowest daytime humidity will reach 5 to 10 percent with poor overnight recovery. RELATED: How to prepare for a fire in San Diego County The low humidity is expected to continue into Saturday, but with weaker and less widespread winds. Greater humidity recovery will move in Sunday as onshore flow strengthens. Ahead of the expected winds, San Diego Gas and Electric Tuesday night notified nearly 24,000 people that their power could be shut off. Check out the list of affected communities below: AlpineBaronaBarrett LakeBoulevardCampoCuyamacaDescansoEast PowayEast Valley CenterJulianMesa GrandeMount LagunaPalomar MountainPine ValleyPotreroRamonaRancho Bernardo (portions of)Santa YsabelShelter ValleyViejasWarner Springs 1243