Posted inAtherton, East Palo Alto, Express Newsletter Content, Home sales, Housing, Los Altos, Los Altos Hills, Menlo Park, Mountain View, Palo Alto, Peninsula, Portola Valley, Real Estate, Redwood City, San Mateo County, Santa Clara County, Woodside

California’s housing market sees decline amid high interest rates, but Peninsula buyers are still willing to pay over-asking price

Home prices and sales fell statewide in California in June as mortgage interest rates hovered above  7% throughout the bulk of May, when most of these sales opened escrow, according to a new report from the California Association of Realtors.

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