{"id":137015,"date":"2026-01-30T01:05:06","date_gmt":"2026-01-30T01:05:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/137015\/"},"modified":"2026-01-30T01:05:06","modified_gmt":"2026-01-30T01:05:06","slug":"trump-executive-order-could-make-south-florida-homes-more-affordable","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/137015\/","title":{"rendered":"Trump executive order could make South Florida homes more affordable"},"content":{"rendered":"

A presidential executive order<\/a> could make buying a home in South Florida easier.<\/p>\n

That order, signed by President Trump last week, is aimed at stopping big companies from buying single-family homes and shutting out families seeking the American dream.<\/p>\n

The dream of owning his own home seemed within reach a few years ago for Broward school teacher Leo Smart. When he saw an offer from the city to help first-time homebuyers get into the market, he was all in.<\/p>\n

“They told us we need not worry about credit,” Smart said. “They would help us. Their goal was to get people in houses. Of course, not long before there was a housing crash.”<\/p>\n

\u00a0Everything was on track, and then one day, Smart said, the deal was off.<\/p>\n

First-time buyers pushed out by corporate investors \u00a0<\/p>\n

“I was beginning to piece it together,” said Smart. “It was foreign investors.”<\/p>\n

He said investors bought up a lot of the houses that would have gone to first-time homebuyers like himself.<\/p>\n

“I felt helpless,” he said. “I wasted so much time. I felt betrayed.”<\/p>\n

Michael Citron, who owns Parrot Realty and was the top-selling listing and selling agent in Broward last year, saw the surge of investors buying thousands of homes after the 2008-2009 housing crash.<\/p>\n

“At that particular time, it really impacted and frustrated home buyers,” said Citron. “They took over the market, and at the time, they were beating out a lot of first-time home buyers.”<\/p>\n

Citron said those homes are still around and being rented.<\/p>\n

Like Invitation Homes, a publicly traded company. With U.S.snd foreign investors, they own houses leased in the Coral Springs community of Westview Estates\u00a0<\/p>\n

Blackstone, a global Wall Street company, started Invitation Homes, but sold its stake; however, it still owns homes in Florida.\u00a0<\/p>\n

“Our ownership of U.S.single family homes represents about 2 percent of our real estate AUM and 0.5 percent of the overall firm,” Blackstone said in a statement. “We have also been a net seller of homes over the past decade. Our current portfolio is poised to perform quite well.”<\/p>\n

Broward property appraiser Marty Kiar said of 305,035 single-family homes, 20,000 belong to business entities and not individuals.<\/p>\n

With corporate ownership, the corporations pay cash and the sellers benefit by getting their money immediately.<\/p>\n

During the COVID-19 pandemic, when mortgage and interest rates dropped and the population soared, big companies again scooped up homes in Florida.<\/p>\n

Michael Citron said this contributed to prices being driven up.<\/p>\n

Executive order targets corporate home purchases \u00a0<\/p>\n

The president’s executive order would ban corporations from buying single-family houses. He’s calling on Congress to make it a permanent ban.\u00a0<\/p>\n

Smart thinks it could help him, although he said home prices right now are out of reach.<\/p>\n

“I have to be more strategic,” Smart said. “Get a second job if that’s gonna happen.”<\/p>\n

Citron says results will not be immediate.<\/p>\n

“It would be impactful, but it will take a while for that to take effect,” said Citron.<\/p>\n

In:<\/p>\n","protected":false},"excerpt":{"rendered":"A presidential executive order could make buying a home in South Florida easier. That order, signed by President…\n","protected":false},"author":2,"featured_media":137016,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1571,506,409,28,30,29,46784],"class_list":{"0":"post-137015","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-florida","8":"tag-affordable-housing","9":"tag-broward-county","10":"tag-donald-trump","11":"tag-florida","12":"tag-florida-headlines","13":"tag-florida-news","14":"tag-housing-help"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/137015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=137015"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/137015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/137016"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=137015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=137015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=137015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}