Trump threatens to ban institutional investors from buying single-family homes
6abc Philadelphia••business
Key Points:
- President Donald Trump announced plans to ban large institutional investors from purchasing additional single-family homes and intends to urge Congress to enact this measure into law, emphasizing that homes are for people, not corporations.
- Institutional investors like Blackstone and JPMorgan Chase have increasingly acquired single-family homes, particularly after the 2008 foreclosure crisis, often renting them out and controlling significant portions of markets in cities like Atlanta, Jacksonville, and Charlotte.
- The U.S. housing market faces high prices and low inventory, with home prices rising nearly 55% since 2020, compounded by mortgage rates exceeding 6% and sellers reluctant to give up low pandemic-era rates.
- Some lawmakers support restricting corporate investors to improve housing affordability, but experts caution that
