It seems like everyday there is another article trying to predict the future of the Santa Cruz / Bay Area real estate market, which can make it hard to really know whats going on. Recently, UCLA’s Anderson School of Management released their housing market forecast, and they seem to have a very logical forecast. They are predicting that the economy and job market will keep growing at a slower rate over the next 2 years, and also noted that the housing costs will continue to increase due to inventory not keeping up with demand. In my opinion, it is safe to assume housing prices won't be going down in the near future.
To read the entire article, go to: http://www.alhambrasource.org/news/experts-predict-growing-economy-rising-house-prices-california-next-two-years