Executive Branch

Wall Street Firms Restricted From Buying Single-Family Homes in Trump’s New Order

Titled ‘Stopping Wall Street From Competing With Main Street Homebuyers,’ the order aims to preserve the supply of single-family homes.
Wall Street Firms Restricted From Buying Single-Family Homes in Trump’s New Order
A single-family starter home in Chicago is listed at $165,000 in November. Courtesy of Ani Real Estate
Troy Myers
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President Donald Trump is attempting to breathe life back into the American dream of owning a home with an executive order signed Tuesday.

Titled “Stopping Wall Street From Competing With Main Street Homebuyers,” the order aims to put single-family homes back into reach for prospective homebuyers, especially first-time buyers. Trump blamed Wall Street investors and the previous administration for pricing out families.

Troy Myers
Troy Myers
Author
Troy Myers is a regional reporter based in St. Augustine, Florida. His background includes breaking, criminal justice, and investigative writing for local news, producing on a national morning newscast in Washington, D.C., and working with an award-winning, weekly investigative news program. In his free time, he enjoys spending time with his dog at the beach.