Trump says U.S. to ban large investors from buying homes

President Donald Trump said the U.S. should bar large institutional investors from buying single-family homes, arguing that corporate ownership has helped push housing further out of reach for everyday Americans.

“For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans,” Trump said in a Truth Social post Wednesday.

“It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations,” he added.

Private equity giants, real estate investment trusts and other large institutional investors have amassed sizable portfolios of single-family rental homes over the past decade. Many have argued that it in effect reduced the housing supply for would-be homeowners and helped drive up prices.

Invitation Homes, which is the largest renter of single-family homes in the country, tumbled 6%. Shares of Blackstone, a investing firm which owns and rents single-family homes, dropped 5%. Shares of other big institutional investors involved in real estate also declined, including Apollo Global Management and BlackRock.

Trump did not provide details on how such a ban would be implemented. Trump said he plans to outline additional housing and affordability proposals during a speech at the World Economic Forum in Davos in two weeks.

The national median existing single-family home price was$426,800in the third quarter of 2025 after hitting a record high of $435,300 in the summer, according to the National Association of Realtors. The average on the 30-year fixed mortgage is currently at 6.19%, according to Mortgage News Daily.

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