President Donald J. Trump has signed an Executive Order aimed at preventing large institutional investors from purchasing single-family homes that could otherwise be bought by families. The order is intended to address concerns about the accessibility and affordability of homeownership for American families.
According to the White House, this action seeks to ensure that "large institutional investors do not buy single-family homes that could otherwise be purchased by families." The administration states that this move is part of a broader effort to support first-time buyers and young families who have faced challenges in entering the housing market.
The statement from President Trump’s office says, "President Trump is working to make homeownership affordable again after years of Wall Street crowding out first-time buyers and young families." The administration emphasizes its commitment to addressing housing issues and restoring opportunities for Americans seeking to own homes.
"President Trump has undertaken an aggressive agenda to tackle the housing challenges facing American families and make the dream of homeownership accessible again," according to the White House announcement.
