Having trouble buying a home in Texas right now? The flurry of business relocations to the state are not the only reasons the real estate market is tighter.
Some of the blame for this hot market can be traced to investment groups, according to Ryan Dezember, who wrote about this latest trend in the Wall Street Journal. The pandemic has lured more firms away from commercial real estate to residential. With so many office towers sitting empty right now as more people work from home, investment groups are swooping down and scooping up entire subdivisions to turn into rental properties.