Realtors say Fannie, Freddie moves are limiting inventory, pressuring prices

(RECAP: The recent decision by Fannie Mae to backstop nearly $1 billion in debt issued by Blackstone Inc., a private company that buys single-family rental homes, was “bad policy,” according to Lawrence Yun, chief economist for the National Association of Realtors. The Realtors have expressed concern about the growing popularity of investor-owned homes for rent in past months. One of the housing market’s biggest hurdles recently has been the lack of available supply for purchase. That means not just fewer choices for buyers, but higher prices as well.)