Sale of single-family residences

Oregon House Bill 4128 restricts large investors from purchasing single-family homes until those homes have been on the market for at least 90 days. It requires these investors to notify both the seller and the Department of Justice when they make an offer. If they violate these rules, they can face legal action and penalties.

Supporters of HB 4128 argue that this legislation helps protect homebuyers from large investors who can drive up housing prices and limit availability. By enforcing a waiting period, the bill aims to ensure that more families have a fair chance to buy homes before they are purchased by large entities.

Critics of HB 4128 contend that the bill may inadvertently limit the housing market and discourage investment in residential properties. They argue that the restrictions could lead to fewer housing options and increased prices for buyers, ultimately harming the very people the bill intends to protect.