Institutional investors could own 40% of single-family rental homes by 2030, according to MetLife Investment Management.

Vice President Kamala Harris unveiled plans to tackle the rise in Wall Street homeownership, including the 'Stop Predatory Investing Act' to remove tax benefits for large investors.

Investors bought one-quarter of single-family homes sold by the end of 2022, with real estate investors purchasing 26% of the most affordable homes sold in the fourth quarter of 2023.

The median sale price of a home in June rose 4% from a year ago to $442,451, and the national average 30-year fixed mortgage rate was 6.9%.

Harris plans to order the construction of 3 million new housing units over four years and introduce a $25,000 down-payment support for first-time homebuyers who have paid their rent on time for two years.