Nebraska bill would stop corporations from buying up houses

Nebraska Sen. Justin Wayne is pushing a bill to forbid out-of-state hedge funds and other corporate entities from buying up single-family properties.

Experts say the scarcity of homes for purchase can be blamed on a multitude of factors, including sky-high mortgage interest rates and years of underbuilding modest homes.

Wayne's bill offers few specifics. It consists of a single sentence that says a corporation, hedge fund or other business may not buy single-family housing in Nebraska unless it's located in and its principal members live in Nebraska.