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Benzinga
  • 5 minutes ago
Trump signed an executive order directing federal agencies to limit large institutional investors from buying single-family homes, aiming to preserve housing supply for individual families and strengthen antitrust enforcement.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street
00:02Trump signed an executive order on Tuesday aimed at limiting large institutional investors from
00:07buying single-family homes that could be purchased by individual families, according to the White
00:12House. The order states that preserving the supply of single-family homes for American families
00:17is the administration's policy. It directs federal agencies to issue guidance within 60 days to
00:22impose restrictions on sales involving large investors. The order also instructs the Treasury
00:28Secretary to review and potentially revise rules related to institutional ownership of single-family
00:33homes. It calls on the Justice Department and the Federal Trade Commission to review acquisitions
00:38for anti-competitive effects and prioritize antitrust enforcement. Institutional investors
00:43owned about 450,000 single-family rental homes by June 2022, according to a government
00:50accountability office study. For all things money, visit Benzinga.com.
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