WASHINGTON, D.C. – President Donald Trump has announced his intention to potentially ban institutional investors from purchasing single-family homes.
Investment firms such as Blackstone and J.P. Morgan Chase have increasingly purchased family homes in recent years, capitalizing on rising home prices.
These investors generally buy homes to rent them out. This trend gained momentum following a surge in foreclosures during the Great Recession in 2008.
President Trump stated that he will present further housing and affordability proposals in the coming weeks.
