Foreigners are snapping up US homes and stealing the American dream out from under families

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Fox News Flash top headlines are here. Check out what's clicking on FoxNews.com. President Donald Trump is pushing hard for Congress to ban Wall Street firms from buying single-family homes. He’s rightly worried that financial tycoons are crowding out younger and middle-class homebuyers, especially in fast-growing Southern cities. But there’s another kind of homebuyer the president and Congress should cut off at the pass: foreigners who are blocking our own citizens from the American Dream. In a new paper, I show that foreign homebuyers are far more common than most people realize. Between April 2024 and March 2025 alone, foreigners purchased more than 78,000 American homes. And foreign homebuying is becoming more common with every passing year. Between 2024 and 2025 alone, foreign buyers spent 33% more on U.S. homes than they did in the previous yea