Stephen Passaha
๐ค SpeakerAppearances Over Time
Podcast Appearances
The bill would not make an immediate dent in home prices.
That would take more homes being built, and that would take time.
The bill is meant to encourage that through a few dozen provisions, like getting rid of some regulations for smaller housing projects.
And the bill also directs federal agencies to develop a national building code and zoning guidelines local governments could adopt.
The vote was bipartisan, with only eight Republicans and one Democrat voting against.
It now heads to the Senate, which has its own similar but competing bipartisan housing bill.
Co-sponsor Senator Elizabeth Warren has criticized the House bill for loosening regulations on banks.
There is a lot of fear these days that AI could be a bubble.
But there are some clues that economists say might kind of sort of help us predict bubbles.
The order itself is pretty limited.
Trump can't ban the sale of homes to institutional investors with an executive order.
But his order does tell several federal agencies that in 60 days, they must stop supporting these sales through things like providing insurance or approvals.
And it tells his cabinet to review rules to make those purchases harder.
Last year, institutional investors only owned about 3 percent of the single family rental market.
But those numbers are much higher in some Sunbelt cities like Atlanta, where it's around 25 percent.