Summary
President Donald Trump signed an executive order to limit big companies from buying single-family homes to make them available for families and improve housing affordability. The order outlines steps to stop federal support for these purchases by large investors and promote home sales to individual buyers. Experts have mixed views on the order's potential impact due to the small percentage of homes currently owned by institutional investors.
Key Facts
- President Trump signed an executive order to limit large investors from buying single-family homes.
- The order aims to make homes more affordable for individual buyers.
- It instructs agencies to reduce federal support for loans to big investors.
- The order encourages sales to individual homebuyers through "first-look" policies.
- Institutional investors currently own around 2% of single-family homes in the U.S.
- The executive order does not apply to new homes built specifically for rent.
- Some experts believe the order's impact on housing supply and prices will be limited.
- President Trump is seeking Congress's help to create a permanent ban on such purchases by large investors.
