Shares of iBuying platforms Opendoor Technologies Inc. (NASDAQ:OPEN) and Offerpad Solutions Inc. (NYSE:OPAD) are surging in after-hours trade, following a new proposal by President Donald Trump, with big implications for the nation’s housing market. According to Benzinga Pro data, Opendoor was up 5.07% on Thursday, closing at $6.43, and is up 13.06% overnight, while Offerpad was up 4.82% during the regular session, and is now soaring by 52.63% after the bell.Trump Plans $200 Billion Mortgage-Bond PurchaseTh ...

Trump's announcement on Wednesday raises a lot of questions that have yet to be answered. Is this just midterm-year politicking, or a policy proposal that could actually be enacted? Would such a ban be challenged in court? What qualifies as a "large institutional investor†under Trump's proposed ban? Would it target only scatter-site acquisitions, or also build-to-rent development? Would the ban require institutional investors to sell off their current single-family rental portfolios? Given what we know toda ...