Trump says he will ban big investors from buying single-family homes

Median sale price was at $410,800 last year, according to the Census Bureau, even as Trump campaigned on affordability

Donald Trump said his administration was moving to ban large institutional investors from buying single-family homes in a bid to reduce home prices.

In a post on Truth Social, his social media platform, the US president said he will be asking Congress to codify the measure and will be discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum.