Foreign Property Ownership Transparency: Study and Recommendations
This act aims to study how foreign purchases of residential real estate affect housing affordability in the U.S. The government will collect data on who is buying, how, and where, to better understand the situation. Citizens can expect that the results of this study will inform future housing market decisions, potentially impacting home prices and availability.
Key points
A comprehensive study will be conducted on foreign purchases of residential real estate in the U.S. since 2015.
The study will assess the impact of these purchases on housing affordability for U.S. citizens and transaction transparency.
The Department of Housing and Urban Development (HUD) will prepare recommendations to improve transparency and protect access to real estate for U.S. residents.
Status:
Introduced
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