The bill, H.B. No. 287, mandates an annual study by the Texas A&M University Texas Real Estate Research Center focusing on the purchase and sale of single-family homes by certain institutional buyers. It introduces a new section, 86.531, to the Education Code, defining "institutional buyer" as entities that acquire 10 or more single-family homes in Texas within a calendar year. The study will compile data on the number of homes purchased, those acquired through foreclosure, homes sold, properties used as rentals, and their appraised values, as well as the locations of these properties. The center may also include additional information based on legislative recommendations or market trends.

The bill requires the center to submit a report by June 1 each year to key legislative leaders, summarizing the compiled data and analyzing trends related to institutional buyers, including their impact on housing costs and any advantages they may have over individual buyers. Furthermore, the center is authorized to compile historical data from prior years, starting from 2025, to enhance the reports. The act is set to take effect on September 1, 2025, with the initial report due by June 1, 2026.

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