Home prices expected to rise in the San Francisco-San Mateo-Redwood City metropolitan area
CNNMoney.com published an interesting article on September 15, 2010 entitled California housing prices on the rebound. The statistics they use mirror what I've found in many of the Peninsula cities in which I work, like San Carlos, Belmont, Menlo Park, Redwood City. The article gives an opinion of why home prices in this area are expected to rise, (and in some areas the rise is taking place now) and gives encouragement to other areas of the country.
In a nutshell, this is what's expected to happen here:
Here's their calculator where you can check your own area. Real Estate-Your Local Forecast