Inherited homes made up almost 1 in 5 property transfers in California last year

In California, 18% of home transfers were inherited last year, double the national rate. This marks a rise from 8.7% thirty years ago, reflecting longer home tenures averaging 20 years versus 12 nationally. Factors include a property tax cap from Proposition 13, capital gains benefits on inherited homes, and a strong culture of keeping property within families, making homeownership more reliant on inheritance in the state.