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US will ban investors from buying single-family homes, Trump says

Jan 7 (Reuters) - U.S. President Donald Trump on Wednesday said his administration is moving to ban large institutional investors from buying single-family homes in a bid to reduce home prices.

In a post on Truth Social, Trump said he will be asking Congress to codify the measure and will be discussing additional housing and affordability proposals in a speech at the Davos World Economic Forum.

 (Reporting by Ryan Patrick Jones in Toronto; Editing by Caitlin Webber)

 ((ryan.jones@thomsonreuters.com;))

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