Bill > HB287

This bill requires the Texas A&M University Texas Real Estate Research Center to conduct an annual study on single-family home purchases by institutional buyers, defined as corporations, partnerships, or other business entities that purchase 10 or more homes in Texas within a calendar year. The center will compile detailed data including the number of homes purchased, acquired through foreclosure, sold, used as rentals, their location, and appraised value. By June 1st each year, the center must submit a comprehensive report to the legislature that not only presents these statistics but also analyzes trends in institutional home buying, assesses the impact on housing costs, and evaluates any advantages institutional buyers might have over individual home buyers. The first report is due by June 1, 2026, and the center is permitted to collect data from years preceding 2025 to provide historical context. The bill aims to increase transparency and understanding of institutional home purchasing patterns in Texas, potentially informing future policy decisions about housing markets.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB287