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Texas Governor Proposes Legislation to Restrict Investment Companies from Buying Single-Family Homes

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Texas,Governor Greg Abbott,Legislation

Texas Governor Greg Abbott is urging lawmakers to pass a law that would prevent investment companies from purchasing single-family homes, citing the negative economic effects and the impact on first-time homebuyers.

Texas Governor Greg Abbott is asking lawmakers to consider legislation that would block or restrict investment companies from buying single-family homes. Lawmakers said laws prohibiting companies from buying single-family homes would bring multiple economic effects.

The increased demand is making it harder for first-time homebuyers to find homes they can afford.

 

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