This market will resolve to “Yes” if Donald Trump signs any federal legislation into law or performs any executive action that restricts, limits, or bans the purchasing of single-family homes by institutional investors by March 31, 2026, 11:59 PM ET. Otherwise this market will resolve to “No”.

Institutional investors refers to large-scale business entities that purchase single-family homes in great quantities for investment purposes. Examples of such firms include Invitation Homes, Blackstone, and Apollo Global Management. A qualifying legislation or action does not need to be limited to such investors, as long as they fall directly under the action’s scope (e.g. an action applicable to owners of greater than 100 homes or investors with real-estate assets under management over $100 million would qualify, even if it is broader in scope than the definition presented here).

Single-family homes refers to residential properties designed for occupancy by a single household, including standalone houses and attached single-family residences (e.g., townhomes).

A qualifying legislation or action must explicitly apply to institutional investors or a defined class encompassing institutional investors, and must impose at least one of the following restrictions:
- a ban on the purchase of single-family homes
- a cap/limit on the number of single-family homes purchased
- another material financial or eligibility restriction on the purchase of single-family homes (e.g., a special tax or fee)

Any qualifying legislation or executive action (including executive orders, proclamations, and memoranda) which is completed within this market’s timeframe will count. Announcements, proposals, requests for study, or other actions that do not themselves impose a restriction or limitation on institutional investors will not count. A qualifying action within the market’s time frame will count regardless of when it goes into effect or any legal or other challenges it may face after enactment.

The primary resolution source for this market will be official information from the United States federal government; however, a consensus of credible reporting will also be used.