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Wall Street Investments: “U.S. President Donald Trump said on Wednesday that his administration is moving to ban Wall Street from investing in single-family homes in a bid to reduce home prices, a potential blow for private-equity landlords that also pressured homebuilder shares.”
In a post on Truth Social, Trump said he was taking immediate action and would ask Congress to codify the measure, adding he would also be discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum. (Reuters)
Housing Affordability: “Newly inaugurated New York City Mayor Zohran Mamdani hit the ground running on Thursday afternoon, signing three executive orders designed to confront the city's housing crisis. One executive order will revive the Mayor's Office to Protect Tenants, which will serve as a central coordinating body to defend tenants' rights, stand up to landlords, and ensure city agencies act swiftly on behalf of renters facing unsafe or illegal conditions.” (ABC 7)
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