By Elias Schisgall
Shares of major home sellers rose after President Trump wrote that he was looking to ban institutional investment in single-family homes.
Zillow climbed 4.5% to $69.58, while Compass was up 14% to $12.32. Remax rose 1.3% to $7.83, Rocket Companies gained 2.2% to $21.67, and Anywhere Real Estate was up 22% to $17.64.
Trump said that he would look to bar institutional investors from buying single-family homes in a Wednesday afternoon post on Truth Social, citing high housing costs and fading confidence in the American dream.
He said he would look to Congress to codify the initiative in law, and said he would discuss the idea further at Davos later this month.
Trump's announcement caused a dip in shares for major institutional investors BlackRock and Blackstone, along with a decline in homebuilder stocks.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 07, 2026 13:31 ET (18:31 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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