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 institutional buyers. The bill defines "institutional buyer" as any entity that acquires ten or more single-family homes in Texas within a calendar year. The center is required to compile data on these transactions, including the number of homes purchased, those acquired through foreclosure, homes sold, and those used as rental properties. Additionally, the report must detail the location and appraised value of each home, and it may include further information based on legislative recommendations or market trends.

The center must submit its findings to key legislative leaders by June 1 each year, starting in 2026, and may also compile historical data from prior years. The bill aims to assess the impact of institutional buyers on housing costs and their competitive advantages over individual buyers. This legislation will take effect on September 1, 2025.

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