The Homes for American Families Act would amend federal antitrust law to prohibit large investment firms, real estate investment trusts (REITs), and insurance companies from purchasing residential properties like single-family homes, condominiums, and townhouses. Specifically, the ban targets entities with at least $150 million in assets under management, treating such purchases as violations of antitrust law—though only civil penalties would apply, not criminal ones. The legislation exempts homebuilders and developers who construct properties intended for owner-occupancy rather than investment. The bill would take effect 90 days after enactment and directs the Department of Justice's Antitrust Division to prioritize enforcement against large institutional investors engaging in coordinated pricing, artificial vacancy, and other anticompetitive practices in residential real estate markets.
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