North Carolina legislation · 2025-2026 Session
North Carolina H1010: Home Ownership Market Manipulation.
Status: In committee, April 16, 2025
What the bill says
An act to prohibit housing market manipulation and to protect against artificial inflation by excessive home buying by entities purchasing homes for use as rental properties.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO PROHIBIT HOUSING MARKET MANIPULATION AND TO PROTECT AGAINST ARTIFICIAL INFLATION BY EXCESSIVE HOME BUYING BY ENTITIES PURCHASING HOMES FOR USE AS RENTAL PROPERTIES. The General Assembly of North Carolina enacts: SECTION 1. Chapter 75 of the General Statutes is amended by adding a new Article to read: "Article 9. "Housing Market Manipulation. "§ 75-150. Purpose. (a) The General Assembly finds that North Carolina has experienced urban growth at levels significantly higher than many states. The General Assembly does not wish to inhibit the ownership of property but recognizes that it is becoming increasingly common for business entities to purchase substantial numbers of single-family homes for use as rental properties, both lowering the supply of, and increasing the costs of, such homes. The General Assembly further finds that home ownership is recognized as one of the most reliable ways to build wealth, permitting owners to build equity, which can serve as reserves in times of need, and in terms of passive income and increases in market value of owned property. (b) The General Assembly seeks, by this narrowly tailored Article, to balance the interests of building wealth through the use of business entities acquiring properties for rental purposes against the State, local, and individual economic benefits that result from having a citizenry broadly …
Sponsors
- Dew, Aisha O. (D, 107) · primary sponsor
Latest actions
- : Ref To Com On Rules, Calendar, and Operations of the House
- : Passed 1st Reading
- : Filed
Subjects: PROPERTY, SALES & CONVEYANCES, CONSUMER PROTECTION, RENTALS & LEASING, COMMERCE, REAL ESTATE, PUBLIC, HOUSING
Common questions
- What is H1010?
- H1010 is a bill in the North Carolina Legislature (2025-2026 Session): Home Ownership Market Manipulation.
- What does H1010 do?
- In its own words: An act to prohibit housing market manipulation and to protect against artificial inflation by excessive home buying by entities purchasing homes for use as rental properties.
- What is the status of H1010?
- In committee as of April 16, 2025. Latest action: Ref To Com On Rules, Calendar, and Operations of the House (April 16, 2025).
- Who sponsored H1010?
- Dew, Aisha O. (D, 107).
- Where is the official record for H1010?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H1010
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.