Senate Greenlights Ambitious Plan to Lower Housing Prices; Moves to House
· Telemundo McAllen (KTLM)
The U.S. Senate approved a bipartisan housing bill on Monday aimed at reducing federal regulations and increasing local control to lower housing prices. The bill passed with an 85-5 vote and now moves to the House of Representatives. It prohibits corporate investors from buying single-family homes but omits a provision requiring them to sell new homes within seven years. This legislation is considered the most significant housing measure since 1990, addressing the rising costs of housing. The House is expected to vote on it later this week, with President Trump signaling support.
AI summary · Source: Telemundo McAllen (KTLM) →
