House Second Readers
Summary
The bill defines “institutional real estate investors” as entities that own at least 100 single‑family or two‑family homes and have $375 million or more in assets. It bars these investors from purchasing a single‑family residence unless the home has been on the market for at least 30 days and a buyer seeking a primary residence failed to match the investor’s offer. The goal is to give individual homebuyers a better chance to buy homes before large investors can acquire them.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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