U.S. Lawmakers Propose Legislation to Curb Wall Street's Home-Buying Spree

Bipartisan support emerges for bills targeting institutional investors in the housing market, aiming to protect family homebuyers.

Legislation in Congress and various state legislatures seeks to limit the number of single-family homes that large investors can own, with proposals capping ownership at 50 homes for many firms.
Investors, including major firms like Invitation Homes and AMH, have significantly influenced the housing market by purchasing homes en masse, especially during the pandemic.
The proposed laws aim to make housing more accessible to first-time buyers by curbing institutional investments that have driven up home prices.
Support for the legislation spans both major political parties, with notable backing from figures like Texas Governor Greg Abbott.
Despite widespread political and public support, none of the proposed bills have yet reached a floor vote in Congress or state legislatures.