Investment groups scale back in San Antonio's housing market
Add Axios as your preferred source to
see more of our stories on Google.
Institutional investors bought nearly 9.5% of houses sold last year in the San Antonio metro area, a drop from 2023, per a new report from ATTOM, a real estate firm.
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: San Antonio's investor share outpaces the state average — institutional investors bought 8.2% of homes sold in Texas last year, down from 9.6% in 2023.
- In San Antonio, the share dropped by 1.6 percentage points, falling from 11.1% in 2023.
- But it's still above the national average, where investors purchased 6.3% of homes sold in 2024, down from 7% in 2023.