The Senate is set to pass a bipartisan housing bill that aims to bring down home prices and increase the supply. The vote on the bill Monday represents one of the most sweeping efforts in recent decades to reduce federal regulations for housing and increase local control. The legislation bans corporate investors from buying single family homes but doesn’t have a provision requiring investors to sell newly constructed homes within seven years. The House is expected to give the bill final approval later this week and send it to President Donald Trump, who has signaled his support.
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