President Donald Trump on Tuesday signed an executive order aimed at curbing institutional buyers on Wall Street from acquiring single-family homes, in a bid to help improve housing affordability for first-time buyers and young families.
Order To Make ‘Homeownership Affordable Again’
According to a White House fact sheet, the action is designed to stop large investment firms from using federal housing programs to expand their rental portfolios and to ensure that homes are steered toward families instead, who have been priced out of the market.
“Today, President Donald J. Trump signed an Executive Order to protect the American Dream by making sure that large institutional investors do not buy single-family homes that could otherwise be purchased by families,” the administration …Full story available on Benzinga.com
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