Congress Is Introducing a Bill to Stop Wall Street Investors From Buying Single-Family Homes. Here's What It Means for Consumers

Not only have mortgage rates soared this year, but even when borrowing rates were far more competitive during the second half of 2020 and 2021, the real estate market lacked housing supply in a very big way. Buyers also have to compete with investors -- not just individual landlords who purchase homes as income properties, but big firms who build up massive portfolios of properties. Over the past couple of years, investment firms have clearly had an advantage over regular buyers in a market where home prices have been elevated.