Lawmakers across the United States are taking steps to address the issue of large investors purchasing single-family homes to rent out. The proposed legislation aims to force these institutional owners to sell houses to family buyers, thereby combating rising home prices. Some of the key points from the text include:

– Democrats in Congress are sponsoring legislation to regulate Wall Street’s investment in single-family homes.
– A Republican bill in Ohio seeks to drive out institutional owners through heavy taxation.
– Other states, such as Nebraska, California, New York, Minnesota, and North Carolina, are proposing similar laws.
– Lawmakers argue that investor buying is contributing to a shortage of homes for sale and driving up prices, making it difficult for first-time buyers to compete.
– Companies like Invitation Homes and AMH, backed by private equity, have been actively buying up homes, with the recent slowdown due to rising interest rates and tighter supply.
– Both liberals and conservatives are showing interest in addressing the issue of large companies monopolizing the housing market.

You can read this full article at: https://papersourceonline.com/wall-street-has-spent-billions-buying-homes-a-crackdown-is-looming/(subscription required)

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