Trump Targets Wall Street Homebuyers with New Housing Order

President Donald Trump signed an executive order to limit large institutional investors from purchasing single-family homes that could be bought by American families, to increase homeownership and affordability. This includes efforts to curb Wall Street's influence in the housing market while ensuring housing availability for individuals.

In a significant policy move, President Donald Trump has signed an executive order aimed at preventing large institutional investors from competing with individual homebuyers. This initiative is part of a broader effort to make housing more affordable and accessible to American families.

According to Trump's order, the administration plans to restrict federal programs that facilitate the sale of single-family homes to Wall Street investors. This move is intended to preserve the availability of these properties for individual buyers and encourage homeownership.

The Justice Department and the Federal Trade Commission will scrutinize acquisitions by large investors, focusing on anti-competitive practices. The administration will also provide legislative recommendations to ensure these policies are established into law.

(With inputs from agencies.)