President Donald Trump on Tuesday signed an executive order that prohibits Wall Street firms from purchasing single-family homes.
“To preserve the supply of single-family homes for American families and increase the paths to homeownership, it is the policy of my Administration that large institutional investors should not buy single-family homes that could otherwise be purchased by families,” Trump wrote in his executive order, titled “Stopping Wall Street from Competing with Main Street Home Buyers.”
The order continued:
At the same time, a growing share of single-family homes, often concentrated in certain communities, have been purchased by…
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