forecast for real estate in san diego, ca ?

What is the forecast for real estate market in San Diego, ca ?
I heard the market is bounching back and the prices are on rise…..
what do you think would be the trend for next 2 years ?
can someone point me to some useful website for this info ?

It’s all speculation. And it varies WIDELY by the specific market you are in. Where I am, homes in good shape that are under $200k are flying off the shelves, but homes above $300k are stagnant, and $600,000+ that are priced correctly are turning over rapidly. But, most of the homes are in that $300k-$500k range, so the market is worse than bad.

This analyst site says that a glut of inventory will kill prices and that unemployment increases will also keep the market down. I’ve also read a number of reports talking about how the end of the federal tax credit is slowing things down as well. http://piggington.com/

San Diego Real Estate Market Trends for 2008