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.
Impact
The bill aims to fill a crucial knowledge gap regarding the influence of institutional buyers on the state’s housing sector. It seeks to track key variables such as the number of homes bought and sold, foreclosure acquisitions, and properties utilized as rentals. By analyzing the collected data, the state hopes to better understand how these entities might affect housing costs and availability, potentially leading to informed policy decisions in the future. This could have broader implications on housing affordability and access for average homebuyers in Texas.
Summary
SB47 is a legislative measure proposing the establishment of an annual study conducted by the Texas A&M University Texas Real Estate Research Center focusing on the purchase and sale dynamics of single-family homes by institutional buyers. The bill defines institutional buyers as entities purchasing 10 or more homes in a calendar year and mandates the compilation of relevant data regarding these transactions. The annual reports are intended to present insights into market trends and the activities of institutional buyers in the Texas housing market.
Sentiment
The sentiment surrounding SB47 appears to be mostly favorable with a recognition of the need for more transparency and understanding of institutional impacts on the housing market. Legislators and stakeholders who support the bill argue that it addresses a critical aspect of the real estate landscape that has evolved with an influx of corporate buyers. However, there may be concerns regarding the effectiveness of the data collected in fully capturing the nuanced effects of these buyers on local housing markets.
Contention
One notable point of contention could stem from concerns about data privacy and the potential misuse of the information collected. Critics might argue that focusing on institutional buyers may overlook the needs and concerns of individual buyers and local communities. Additionally, the requirement for annual reporting may impose new burdens on the Texas A&M University Texas Real Estate Research Center, raising questions about funding and resources necessary to conduct these studies effectively.
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.
Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board; increasing a fee; authorizing a fee.
Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board; increasing a fee; authorizing a fee.
Proposing a constitutional amendment creating a university research fund to support emerging research universities in The University of Texas System or The Texas A&M University System and disqualifying all component institutions of those university systems from receiving money from the national research university fund.
Relating to the administration and investment of, and distribution and use of money from, certain constitutional and statutory funds to support general academic teaching institutions in achieving national prominence as major research universities and driving the state economy; redesignating the national research university fund as the Texas University Fund.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.
Relating to the creation of a new university in Nacogdoches, Texas, within The University of Texas System and the allocation of the annual constitutional appropriation to certain agencies and institutions of higher education; abolishing Stephen F. Austin State University.
Relating to accountability of institutions of higher education, including educator preparation programs, and online institution resumes for public institutions of higher education.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.