U.S. REP PROPOSES RESTRICTION ON HOUSING PURCHASES

Illinois Congresswoman Mary Miller is proposing a bill aimed at curbing the influence of massive investment firms in the housing market. The American Family Housing Act would prevent companies controlling more than $100 billion in assets from purchasing single-family homes. Miller argues these Wall Street giants drive up property prices, making it harder for families to afford homes. The legislation follows a directive from President Donald Trump addressing similar concerns. Supporters say the measure could help level the playing field for potential homeowners, while critics question its impact on housing supply and the broader economy. The proposal now heads to Congress for debate.