Arizona lawmakers propose limits on corporate home buying to boost affordability amid rising prices and rental conversions.

Buying a home in Arizona is increasingly difficult due to high prices, rising mortgage rates, and strong demand, with investment firms purchasing homes in bulk and converting them to rentals, reducing availability. A proposed bill would limit corporate ownership and require a 30-day waiting period before offers, aiming to improve affordability and access for families and retirees, while opponents warn of negative impacts on investment and market flexibility.