A new way of measuring homeownership—looking at individual adults rather than households—shows that only 41% of Californians own their home in 2025. That’s more than 10 points below the national average, and a signal of how affordability challenges continue to shape our state’s landscape. We’re seeing similar patterns in Texas and Florida, too, as high living costs make homeownership a bigger hurdle nationwide. After three decades navigating LA and Beverly Hills real estate, I’ve witnessed firsthand how these shifts impact clients at every stage, from first-time buyers to seasoned investors. Whether you’re just starting out or searching for your next opportunity, understanding these trends is key to making smart decisions in today’s evolving market.

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