The 21st Century ROAD to Housing Act, which became law in July 2026, will restrict institutional investors controlling at least 350 single-family homes from buying additional properties starting Jan. 7, 2027, without requiring them to sell existing homes. Baby boomers hold an estimated $13.8 trillion in residential real estate wealth, according to Realtor.com, more than one-third of the country's housing wealth despite making up about 18% of the population. The White House completed its review of proposed Treasury Department regulations on Oct. 9, but the rules are not yet finalized and their timing is unclear. The article notes nearly 77% of homes on the market are beyond the reach of middle-income earners, and inflation-adjusted home prices hit an all-time high in 2025, above the 2006 peak. For older Americans considering downsizing, improved affordability could be welcome news, while those staying in their homes may see limited immediate impact.
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