Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020.
According to data from CoreLogic, investor purchases have tracked closely with consumer home sales, and the share of home sales attributable to investors is down as well.
Housing inventory shortages have stifled the market for years, but supply is rising in states that experienced inbound migration spikes during the pandemic.