调控房价，特朗普要对华尔街开刀？

Core Viewpoint - The article discusses President Trump's announcement to take measures to prevent institutional investors from purchasing single-family homes in the U.S., aiming to reduce housing costs for Americans. This move has led to a significant drop in the stock prices of major rental and management companies in the housing sector [3][4]. Group 1: Housing Affordability Crisis - Housing affordability has become a pressing issue for the White House, especially with the upcoming midterm elections. Trump highlighted that the dream of homeownership is increasingly out of reach for many Americans, particularly the youth [5]. - A report from the National Association of Realtors indicates that the proportion of first-time homebuyers has fallen to a historic low of 21%, with the median age of first-time buyers rising to a record 40 years [6]. - High home prices and mortgage rates hovering between 6% and 7% have made it difficult for many young Americans to own homes [6]. Group 2: Institutional Investors and Housing Market - Institutional investors have been criticized for contributing to high housing prices, particularly after purchasing foreclosed homes during the 2007-2009 financial crisis and converting them into rental properties [8]. - Various measures are being taken at federal and local levels to limit institutional investors, with 22 states proposing bipartisan legislation to restrict their activities in 2025 [8]. - The American Homeowners Alliance expressed support for government focus on housing affordability, noting that each home purchased by institutional investors reduces options for owner-occupiers [8]. Group 3: Market Data on Institutional Investors - A report from the American Enterprise Institute revealed that in Q1 2024, various investors purchased 25% of homes, while institutional investors accounted for only 1% of home purchases [9]. - Institutional investors hold a minimal share of the overall housing stock, with data showing they owned just 1% of single-family home inventory as of June last year [10]. - Blackstone's report indicated that it owned only 0.06% of single-family homes, and the overall share of institutional investors in the U.S. single-family housing market has decreased by 90% since 2022 [10].