US President Donald Trump has announced plans to ban large institutional investors from purchasing single-family homes in an effort to curb escalating home prices. According to a post on his social media platform, Truth Social, the measure is aimed at making homeownership more accessible to ordinary Americans.
Trump's proposal capitalizes on concerns about affordability that he had previously campaigned on during the 2024 presidential election. However, since returning to power last year, issues with prices and affordability have persisted despite inflation remaining above typical levels.
Homeownership has long been seen as a hallmark of the American Dream, but Trump argues it is increasingly out of reach for many, particularly younger generations. He blames his predecessor Joe Biden for "record-high inflation" and claims that large institutional investors are exacerbating the issue by buying up single-family homes.
Trump plans to propose this measure in a speech at the upcoming Davos World Economic Forum and will ask Congress to codify it. The move is likely to be seen as an attempt to counter criticism of his administration's handling of the housing market.
The median sale price of US homes reached $410,800 last year, according to data from the US Census Bureau. With home prices continuing to rise, concerns about affordability are mounting. Trump's plan could potentially reduce the number of single-family homes being bought by institutional investors, which would have a significant impact on the market.
While details of the proposal remain unclear, it is likely that the ban will be subject to intense debate and scrutiny from lawmakers and industry experts. The move has sparked interest among policymakers and housing advocates who are eager to explore solutions to the pressing issue of affordability in the US housing market.
Trump's proposal capitalizes on concerns about affordability that he had previously campaigned on during the 2024 presidential election. However, since returning to power last year, issues with prices and affordability have persisted despite inflation remaining above typical levels.
Homeownership has long been seen as a hallmark of the American Dream, but Trump argues it is increasingly out of reach for many, particularly younger generations. He blames his predecessor Joe Biden for "record-high inflation" and claims that large institutional investors are exacerbating the issue by buying up single-family homes.
Trump plans to propose this measure in a speech at the upcoming Davos World Economic Forum and will ask Congress to codify it. The move is likely to be seen as an attempt to counter criticism of his administration's handling of the housing market.
The median sale price of US homes reached $410,800 last year, according to data from the US Census Bureau. With home prices continuing to rise, concerns about affordability are mounting. Trump's plan could potentially reduce the number of single-family homes being bought by institutional investors, which would have a significant impact on the market.
While details of the proposal remain unclear, it is likely that the ban will be subject to intense debate and scrutiny from lawmakers and industry experts. The move has sparked interest among policymakers and housing advocates who are eager to explore solutions to the pressing issue of affordability in the US housing market.