President Donald Trump announced on Truth Social that his administration plans to ban large institutional investors from purchasing single-family homes, a step he says is intended to help lower home prices and expand opportunities for everyday buyers. In his January 7 post, Trump framed the proposal as part of a broader effort to restore the "American Dream" of homeownership.
The announcement did not include details about how such a ban would be carried out, but Trump said he intends to "[call] on Congress to codify it" into law and would be taking steps "immediately." The president said he plans to discuss the idea and additional housing policy initiatives at the World Economic Forum's annual meeting in Davos, Switzerland, which runs January 19 to 23.
