US House Passes Bill Barring Large Investment Firm from Buying Single-family House

The U.S. House passed a bill that would bar large investment firms from buying single-family homes.

Lawmakers are responding to concerns that institutional buyers have pushed up home prices and made it harder for individual families to compete.

The proposal targets real estate investment trusts and private equity firms active in the single-family housing market.

Its effect on affordability will depend on enforcement and whether Congress also tackles the broader housing supply shortage.