Should I Buy in this California Market cycle?

[James Allen]

So I'm just closing on our first investment property in Atlanta, GA in the next 1-2 weeks. I should have enough cash in the bank left over for putting a deposit on our first live in residential place in California. I'm trying to make sure I'm buying at the right time however. 

Everything I've seen thus far about the market in California is pointing us towards hitting our peak of the market within the next couple years or so and there's not much to grow, also we're only predicted to have a small bump down in the market from what I've seen and not like the crash of 2008 from what I've seen. However, with mortgage interest rates predicting to go up this year and the next upcoming years and with their still being some room to grab some minimal appreciation along the way, I'm trying to determine if now is a good time for my family to buy a home before rates start going above 5 and maybe even to six in the next few years? Any advice would be appreciated...