In what is being described as an effort to free more affordable housing in Arizona, lawmakers are moving to put a limit on the number of houses any one corporation can buy.
Bills thus far have been introduced by Republican Representative Nick Kupper and Democrat Representative Oscar De Los Santos that would restrict the practice of corporate home buying.
According to various sources, upwards of 1,000 Arizona homes have been purchased by corporate entities and then turned into rental properties. That practice, say lawmakers, keeps single-family homes off the market during a time when the state is experiencing a demand for new homes.
And the “more that happens, the smaller your available market is to sell homes because your prices get jacked up,” Kupper remarked to the Arizona Capital Times.
Both lawmakers would like to restrict corporate home purchases to no more than 50 a year. In two separate pieces of legislation, the lawmakers also propose to ban investors and corporations from submitting a bid or purchase offer within 60 to 90 days of a home going on the market.
Neither of the bills have yet to be voted on in the full House.
Several studies have revealed that real estate investment trusts, private equity giants, and other corporate players have become extensively involved in purchasing homes in recent years.
Last month, President Trump said he thought the issue was national in scope, promising to “take steps to ban large institutional investors from buying more single-family homes.”
According to the group Lincoln Institute of Land, just under 9% of residential properties in urban areas are today owned by corporations.
February 3, 2026
By Garry Boulard
Photo courtesy of Pixabay
