The United States Senate today passed legislation now called the 21st Century ROAD to Housing Act, a comprehensive, bipartisan legislative package designed to increase housing supply and access. The bill will now have to be sent back to the House, where it must face reconciliation and another vote before going to President Donald Trump’s desk.…

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Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. HUD proposes eliminating a key fair housing rule On Wednesday, January 14, the Department of Housing and Urban Development (HUD) published a new rule proposal into the Federal Register that would change how the…

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Testifying before Congress Jan. 21, Secretary of Housing and Urban Development (HUD) Scott Turner was questioned before the House Financial Services Committee on his oversight of HUD and the Federal Housing Administration, with a large focus on affordable housing and President Donald Trump’s executive order banning institutional investors. Congresswoman Maxine Waters (D-CA) opened the hearing…

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President Donald Trump’s speech at the World Economic Forum in Davos Wednesday largely focused on diplomatic tensions, but he also turned at points to the U.S. economy—including his new plans to rein in institutional investors in the single-family home market. “In recent years, Wall Street giants and institutional investment firms, many of you are here,…

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In a post on Truth Social, President Donald Trump claimed the American Dream of homeownership is slipping out of people’s reach, “especially younger Americans.” “It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress…

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Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. Road to Housing Act removed from defense bill  The Road to Housing Act, a bipartisan comprehensive housing reform bill passed by the U.S. Senate, has met a new roadblock. The bill, previously attached to…

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