
"In seven California counties, more than half of all houses are owned by investors, with some counties seeing ownership as high as 82%. These counties are typically remote and known for tourism."
"Investor ownership of residential properties in California has surged, with investors owning 1.45 million houses statewide, representing 19% of all 7.6 million homes."
"The trend of property investments is particularly pronounced in lightly populated, tourist-friendly regions, where many of the homes owned by investors may serve as second residences."
"Among California's ten most populous counties, San Bernardino leads with 27% of homes owned by investors, indicating an increasing investment trend away from major job hubs."
Investor activity in California is significant, with seven lightly populated counties dominated by investor-owned properties. Sierra County leads, with 82% of single-family homes owned by investors, followed by Trinity at 77%. The trend shows a preference for remote, tourist-focused areas, indicating many homes are second residences. In contrast, statewide, 19% of houses are owned by investors. Among the 20 most populous counties, San Bernardino tops the list with 27% investor ownership, reflecting broader trends in investor patterns away from major job centers.
#california-real-estate #investor-ownership #residential-properties #housing-market-trends #tourism-areas
Read at www.ocregister.com
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