Everyone keeps asking me, "How long are the Santa Cruz, Silicon Valley, etc Real Estate markets going to keep going up?" The simple answer is, when either the interest rates go up, the home prices get so high it reduces the affordability index. or we get a flood Real Estate inventory (or a disaster natural or financial). These events are what eventually shift the market. Recently a poll was done with California Realtors asking them about their sentiment for next year, majority agreed that we should expect the same of better market conditions. I definitely agree with the majority and actually I feel we have another 4 years.
To read the entire article, go to: http://california.realestaterama.com/2015/08/03/realtors-confident-about-market-conditions-over-the-next-year-ID03869.html