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flag Investors bought 17% of California homes from 2020–2025, mostly in Southern California’s lower-density, affordable areas.

flag House investors are most active in Southern California, led by Los Angeles County, which had 179,294 investor-owned homes and $82 billion in purchases from 2020 to 2025. flag High activity also occurred in San Bernardino, Riverside, San Diego, and Orange counties. flag Investor ownership is a large share of housing in rural areas like Sierra and Mono counties, likely due to vacation homes. flag While Los Angeles and the Inland Empire saw the most purchases, the Bay Area’s San Mateo and Marin counties had the highest spending, driven by high home prices. flag Investors accounted for 17% of California’s housing supply, with activity concentrated in lower-density, more affordable regions, especially in Southern California.

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