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Oregon Imposes 90-Day Waiting Period on Corporate Buyers of Single-Family Homes News By Daily Tidings Editorial Board On Mar 15, 2026 Oregon corporate real estate investors will now have to wait 90 days after a single-family home is listed for sale before purchasing a property. The Legislation Will Give Families and Individual Buyers More Time to Compete for a Home The legislation passed by state lawmakers gives families and individual buyers more time to compete for a home in a market in which demand far exceeds supply . House Bill 4128 only applies to large real estate investment firms that control 2,500 or more single-family homes and have managed assets of at least $1 billion. Tidings Data Snapshot HB 4128 By The Numbers 90 days Wait before a covered firm can buy a listed single family home 2,500+ Single family homes controlled before the law applies $1B+ Assets under management needed to qualify as covered $250K Maximum penalty for an unlawful purchase $10K Maximum penalty for disclosure violations Source: Oregon Legislature HB 4128 staff summaries and amendments Dailytidings.com Apart from the 90-day wait period, another restriction imposed on corporate firms is the requirement to disclose their status to the Oregon Department of Justice and to the homeseller when purchasing a property. Civil penalties of up to $250,000 will apply for any violations. Community Land Trusts, Nonprofits, and Smaller Housing Providers are Exempted Community land trusts, nonprofits, and smaller housing providers are exempted from HB 4128. An analysis of sales by Redfin in 2022 found that investors bought 12.6% of single-family homes in Portland. Measure Area Figure Timeframe Investor share of homes bought Portland area 12.6% Q1 2022 Institutional share of home purchases Oregon 4.4% Early 2025 Institutional control of single family market Portland About 1% 2025 debate figure Institutional control of single family market Sun Belt markets About 10% 2025 debate figure However, more recent data from the real estate firm ATTOM shows that institutional investors accounted for only 4.4% of home purchases in the state. Institutional investors control 10% of the housing market in the Sun Belt, but only 1% of single-family homes in Portland. HB 4128 has been accepted by Oregon REALTORS and Multifamily NW as addressing some of the state’s biggest housing concerns and introducing meaningful progress with a more balanced proposal. The bill has been sent to Governor Tina Kotek for her consideration. Oregon Will Need 500,000 More Homes Over the Next 20 Years While it is hoped that the bill will serve as a short-term deterrent to corporations bidding for single-family residences, a state-backed housing analysis shows that Oregon still needs nearly 500,000 more homes over the next two decades. Tidings Data Snapshot What Is Driving Oregon’s Housing Need Underproduction : 50,191 Homelessness : 45,637 Second or vacation homes : 17,126 Demographic change : 135,718 Population growth : 242,675 Source: Oregon Housing Needs Analysis 2026 statewide results report Dailytidings.com Local, county, and state housing officials issued permits for only 4,800 multifamily units in 2024, the lowest total recorded in 12 years, and preliminary data shows that 2025 will barely exceed that gloomy figure. Share Twitter Facebook ReddIt WhatsApp Pinterest Email