Legislation To Ban Hedge Funds From Owning Homes Introduced
By KIMBERLEY HAAS A bicameral bill that would force hedge funds out of the single-family home market has been introduced. U.S. Sen. Jeff Merkley (D-OR) and U.S. Rep. Adam Smith (D-WA) introduced the End Hedge Fund Control of American Homes Act of 2023 this week, with Merkley stating, “The housing in our neighborhoods should be…