Source: inman —
A decade of migrational influence has shifted which housing markets investors are pouring their money into.
A new report by the analytics company CoreLogic compared the metros with the most investor activity in 2011 to the metros with the most investor activity in 2020.
The results show that while California dominated the rankings at the start of the last decade, it was nowhere to be found on 2020’s list.
In 2011, seven California metros made the top 10: Los Angeles, San Jose, San Diego, San Francisco, Sacramento, Oxnard, Stockton and Riverside.
“This reflects the nature of the market in the wake of the Great Recession. California was hit hard and consequently had many foreclosures and sales of real-estate owned by financial institutions,” the report explained.