President Trump has proposed banning large institutional investors from buying single-family homes in an effort to ease housing shortages and improve affordability for first-time buyers.

While he argues that removing private equity firms would open up the market, experts say the actual impact may be limited.

A 2024 Government Accountability Office report found institutional investors may have raised prices and rents but said their effect on homeownership opportunities was unclear.

Data from Realtor.com shows that more than 90% of investor-owned single-family homes belong to small investors, not large Wall Street firms, Yahoo Finance has reported.

Analysts suggest the proposal may not significantly lower prices, since mega-investors account for only a small share of the market.