Wall Street investors are now barred from buying single-family homes. Will that ease homebuying in Chicago?
Chicagoans may not see much benefit from the White House’s recent executive order that aims to block institutional investors from buying single-family homes, but experts say those landlords are still a contributing factor to the region’s housing shortage.
President Donald Trump signed the executive order Jan. 20; it directs government agencies to define institutional investors and set guidelines to prevent the federal government and government-sponsored entities from approving purchases by such investors.