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TX HB287

Bill

Status

Introduced

11/12/2024

Primary Sponsor

Caroline Harris Davila

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Requires the Texas A&M University Texas Real Estate Research Center to conduct an annual study tracking institutional buyers' purchases and sales of single-family homes in Texas

  • Defines "institutional buyer" as corporations, partnerships, LLCs, REITs, banks, and similar entities that purchase 10 or more single-family homes in Texas per calendar year

  • Mandates collection of data including number of homes purchased by each institutional buyer, foreclosure acquisitions, homes sold, rental properties, geographic locations (city and county), and appraised values

  • Requires annual reports submitted to the lieutenant governor, speaker of the house, and all legislators by June 1 of each year, beginning June 1, 2026

  • Reports must analyze institutional buyers' impact on housing costs and any competitive advantages they have over individual homebuyers in the real estate market

Legislative Description

Relating to an annual study by the Texas A&M University Texas Real Estate Research Center of the purchase and sale of single-family homes by certain institutional buyers.

Property Interests

Last Action

Referred to Licensing & Administrative Procedures

2/27/2025

Committee Referrals

Licensing & Administrative Procedures2/27/2025

Full Bill Text

No bill text available