Nearly half of homes sold in Bexar went to investors in 2021; at 28%, state rate was highest in U.S.
, where Houston is the county seat; and 43 percent in Dallas County. In Tarrant County, where the county seat is Fort Worth, about 52 percent of homes sold last year went to investors.
Nationally, it found investors purchased 13.2 percent of homes sold last year, up from 11.8 percent in 2020. The median price they paid was generally 26 percent lower than the state median prices.The share of such buyers increased in 84 percent of states. The highest share was in Texas, at 28 percent, followed by Georgia at 19 percent, Oklahoma at 18 percent and Alabama at 18 percent.
“This is happening in the context of a very tight housing market,” she said. “Given supply conditions already, the entry of institutional buyers is just piling up more walls and challenges for first-time buyers to get their foot in the door of homeownership.”Investors tend to buy homes in growing areas with strong housing and rental markets, rising household formation, higher incomes and concentrations of millennials, renters and residents of color, according to the report.
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