Back to News
Jan 7, 2026 4:20 PM

Trump Smashes Wall Street's Home Buying Machine—Real Estate Stocks Crater

On Wednesday, President Donald Trump said he would take steps to ban large institutional investors from buying single-family homes. Real estate-related stocks reacted sharply downward. 

BX stock dropped. See the chart and price action here. 

Trump expressed his view on homeownership and “the American Dream” in a post on Truth Social. 

"For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now … that American Dream is increasingly out of reach for far too many people, especially younger Americans," Trump said. 

"It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress ...