President Trump signed an executive order banning institutional investors from buying single-family homes to increase paths to homeownership. Analysts had mixed responses, with some calling it a “nothing-burger.” Mega-landlords only owned about 3% of SFR housing stock in 2022. Trump also addressed depreciation and debt as roadblocks to homeownership.

At Davos, Trump urged Congress to pass a ban on large institutional investors buying single-family homes, stressing the need for homes to be built for people, not corporations. He also proposed a one-year cap on credit card interest rates at 10% to help Americans save for homes. The banking industry has criticized the proposal.

Trump is deploying Fannie Mae and Freddie Mac to move mortgage rates and planning to announce a new chair of the Federal Reserve. He instructed government-backed institutions to purchase up to $200 billion in mortgage bonds to lower interest rates, with his pick for Fed chair being “very respected.”

Read more at Yahoo Finance: US ‘will not become a nation of renters’: Trump