California a Top 10 Investment Property Hotspot

Despite elevated home prices, investment home seekers continue to target California, according to luxury real estate firm that analyzed Google search data.

A report by DSNews (What U.S. Regions are Investment Property Hotspots?) showed that data crunched by Ruby Home Luxury Real Estate helped pinpoint where investment buyers are looking for homes. Wisconsin topped the list with 459.4 searches per 100,000 residents, according to the report.

The study compared monthly search engine traffic of popular real estate investment-related terms, adjusted for local population, according to the Ruby Home report.

Several Midwest states and a few from the southeast were among the top targets, with California coming in at No. 10, with 376.4 searches per 100,000 residents. For perspective, Wisconsin is home to about 5.9 million people, while California posts just less than 30 million.

The report found that of all the states ranked in the top 10, Pennsylvania had the highest search volume for “Real Estate for Sale” and “Real Estate Education.” But California reported the highest search volume for “How to Invest in Property.”

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