The Growing Institutional Home Market in Texas
Influx of Institutional Investors Real estate investors have flourished in the high-demand, single-family housing market. In 2021, 28% of homes sold in Texas were bought by corporations, companies, or limited liability companies (collectively, “institutional investors”), which is a 4.6% increase from 2020.1 Notably, 43% of the homes in Dallas [...]
Limiting General Contractor Liability
In summer 2021, the 87th Texas Legislature convened and passed legislation that overturned decades of case law regarding contractor liability. The overall effect of the legislation acts to limit contractors’ exposure to liability regarding unknown design defects. Texas Senate Bill 219 The 87th legislature passed S.B. 219, codified in [...]
87th Texas Legislature Sets Limitations on Real Estate Appraisal Claims
The Texas real estate market has been exceptionally hot this year. On May 19, 2021, the real estate brokerage Redfin released a report revealing that the Austin housing market experienced a 42.3% year-over-year rise in home-sale prices during April 2021.
