Investors still buy up Texas houses
Add Axios as your preferred source to
see more of our stories on Google.
Institutional investors bought 8% of houses sold last year in the Houston metro area, a drop from 2023, per a new ATTOM report.
The big picture: Nationwide, institutional investors — any non-lending group that purchased at least 10 properties in a calendar year — have backed off the last three years as housing affordability has plummeted, the report shows.
Why it matters: Investors bet on growth. They want to see strong population and job growth, solid rental yields, landlord-friendly regulations, affordability, and long-term appreciation potential, ATTOM CEO Rob Barber tells Axios.
- Though investors bought fewer houses last year, they're still drawn to southern states like Texas.
By the numbers: 8.2% of houses sold in Texas last year were bought by institutional investors, down from 9.6% in 2023.
- Houston's share dropped by 0.8 percentage points, falling from 8.8% in 2023.
- That's well above the national average. Investors bought up 6.3% of houses sold nationwide last year.