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California homes affordable to only 1-in-5 buyers, yet Peninsula still sees 'over-asking' sales

Original post made on Dec 4, 2023

California's housing affordability has dipped to its lowest point in 16 years with only 1-in-5 (15%) homebuyers able to afford a median-priced, single-family home, yet the Peninsula continues to see homes sell for over asking price.

Read the full story here Web Link posted Wednesday, November 22, 2023, 2:46 PM

Comments (1)

Posted by Menlo Lifestyle
a resident of Menlo Park: Suburban Park/Lorelei Manor/Flood Park Triangle
on Dec 4, 2023 at 3:53 pm
Menlo Lifestyle is a registered user.

A wise man once told me, "You don't have to sell to everybody, just one person." There will always be buyers with the money to afford this area.

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