California is seeing an influx of interest from foreign real estate buyers as the state's proposed wealth tax drives an exodus of billionaires.The wildfires that devastated Southern California in January 2025 prompted an uptick in international demand for luxury homes in the Los Angeles area, which rose by 18.2% by the end of last year before easing to start 2026, an analysis by Realtor.com found."At its peak, nearly 1 in 5 luxury home shoppers in the LA metro was looking from abroad, reflecting the metro's draw for high net worth individuals who view Southern California as a destination for r...
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