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The escalation of conflict and war since February 2026 has affected oil supply, which in turn has affected our gas prices, among other things. California's gas prices are higher than other states, on average, and Californians are seeing that directly at the gas pump.
But in spite of lowered consumer confidence in countries around the world, and increased inflation, global home prices continued to grow in the past three quarters. In the twenty-six countries listed in the Quarter 4 2025 report, home prices increased year-over-year in Portugal, for instances, by 23.3%, compared to the U.S. which rose 3.4% in the same time period. The number of years a skilled worker had to work to buy a 650 sq.ft apt near the city center was highest in Hong Kong and Paris, between approximately 12 and 14 years, compared to Los Angeles at approximately 6 years which was 4th from the bottom of the list of 21 major cities.
Top U.S. markets for international buyers in Quarter 1 for 2026 included Los Angeles-Long Beach-Anaheim metro area which got 4.6% of the traffic share (ranking 3rd), falling just under New York City area at 4.7%. Canada had the most demand in the Bay Area out of 10 countries, and also the most demand in the Los Angeles and Sacramento regions.
To see the complete report and more about what brings buyers to California, please go to https://www.abodes.realestate and click on the "Unlock Market Trends" button to go to the Market Reports page and The Iran War Impact on the Global Housing Market, and other area reports which you may download for future reference.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
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