LocalNews

House passes bill that would add homes to market, limit investors from buying

A bipartisan housing bill passed by the U.S. House would add more homes to the market and limit large investors from buying up single-family houses in bulk.
The 21st Century ROAD to Housing Act targets corporate buyers who turn homes into rentals, something supporters say cuts into supply for families and first-time buyers.
In northeast Indiana, Jerry Starks with Starks Enterprise says affordability is still a major issue, with many qualified buyers getting pushed out of the market.
He says more housing supply could help, but construction costs are still keeping prices high.
The bill now moves to negotiations between the House and Senate.

Related posts

Indiana utility regulators to investigate NIPSCO

Network Indiana

Kosciusko County Council votes to defund Flock cameras

Network Indiana

Extra water bottles allowed on Saturday at Notre Dame Stadium

Jon Zimney

Leave a Comment