Democrats in Congress introduced a bill on Tuesday that could mark the end of hedge funds' interference in the U.S. single-family home market.

First reported by the New York Times, the End Hedge Fund Control of American Homes Act of 2023, introduced by Senator (D-OR)Jeff Merkleyand RepresentativeAdam Smith(D-WA), aims to put the brakes on hedge funds — defined as corporations, partnerships, or real estate investment trusts that manage pooled funds from investors — from buying and holding single-family homes indefinitely.

What Does The Bill Entail?

The bill proposes a drastic shift in the single...