""I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations," Trump wrote in a post on social media. Large institutional investors such as Blackstone, JPMorgan Chase, and other banks and investment firms have increasingly snapped up family homes in recent years, eyeing rising returns on home prices."
"Shares of Blackstone fell by as much as 9% on Wednesday after the president's social media post. Trump said he plans to outline additional housing and affordability proposals in the coming weeks, noting: "I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks." Trump is scheduled to deliver an address at the World Economic Forum later this month in Davos, Switzerland."
President Donald Trump intends to ban large institutional investors from buying additional single-family homes and will ask Congress to codify the ban. Large institutional investors such as Blackstone, JPMorgan Chase, and other banks and investment firms have increasingly bought family homes and often rent them out, a trend that grew after the 2008 foreclosure wave, especially in Sun Belt states. Shares of Blackstone fell as much as 9% after the announcement. Trump plans additional housing and affordability proposals and will discuss them at his Davos speech. Homebuying costs surged due to low inventory, mortgage rates above 6%, and sellers holding ultra-low pandemic mortgages; national home prices rose nearly 55% between early 2020 and Q3 2025.
Read at ABC7 Los Angeles
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