David Brancaccio

President Trump says he wants to block institutional investors from buying up single-family homes.

Politico is also reporting an executive order is in the works.

This could have bipartisan support, depending on how it's crafted.

Expect more during Trump's appearance set for the World Economic Forum in Switzerland later this month.

Markets Dow, S&P, and Nasdaq futures are all down in the two to three-tenths of a percent range, the 10-year interest rate up 4.16%.

In Pasadena, California, I'm David Brancaccio.

It's the Marketplace Morning Report.

You're from APM, American Public Media.

A year after the California fires, I speak to a neighbor who had to sell and another neighbor who's partly rebuilt.

I'm David Brancaccio in Los Angeles.

Let's start with a number from UCLA, $27 billion.

That's the value of all the homes wiped out by the California wildfires a year ago.

That's the typical cost of those homes before the fires, multiplied by the more than 12,000 homes gone.

Now, this week here, I'm taking those big numbers and bringing them down to street level.

A street in the community of Altadena, 20 minutes northwest of downtown Los Angeles.

On a single block, 15 houses were total losses.

Now, one of those 15 was my house, but I wanted to hear from my neighbors.

Louis lived on my side of the street, South Corner.

When the initial shock of escaping flying embers morphed into talk of what's next, Louis and his wife were all in, gung-ho.

The planning department would let you go 200 square foot bigger.