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 impact of SB35 on state laws revolves around enhancing transparency regarding institutional investors in the housing market. The annual reports mandated by the bill are intended to illuminate the trends and patterns of institutional purchasing behavior, which could affect housing prices and availability. By providing policymakers with evidence-based insights into the real estate market dynamics, SB35 seeks to facilitate informed decision-making and promote healthier market conditions, particularly in areas experiencing significant investor activity.
Summary
Senate Bill 35 (SB35) proposes an annual study by the Texas A&M University Texas Real Estate Research Center focused on the purchase and sale of single-family homes by institutional buyers. The bill defines 'institutional buyers' to include various entities such as corporations and investment trusts that acquire 10 or more single-family homes in a calendar year. The study aims to compile comprehensive data regarding the activities of these buyers, encompassing details such as the number of homes purchased, the proportion acquired through foreclosure, the number sold, and those utilized as rental properties, as well as their appraised values and locations.
Sentiment
The sentiment surrounding SB35 appears generally supportive among legislators concerned with housing accessibility and market integrity. Proponents argue that increased awareness of institutional buying practices will help address issues related to housing affordability, which has become a pressing issue in many Texas communities. On the other hand, there are concerns that the bill could lead to an overemphasis on regulation that may inadvertently affect housing investments and market growth. Thus, while the bill is seen as a step toward accountability, it also faces scrutiny regarding its potential consequences on the real estate market.
Contention
Key points of contention include the balance between sufficient oversight of institutional home buying and the encouragement of necessary investment in the housing market. Critics of excessive reporting may argue that the data analysis required by SB35 could impose undue burdens on the Texas A&M University Real Estate Research Center, diverting resources from other critical research endeavors. Furthermore, stakeholders from the real estate sector may express apprehensions about how the scrutiny of institutional buyers could alter market behavior and possibly deter investment in vital housing projects.
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 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.