Oregon lawmakers have approved legislation to limit how quickly large corporate investors can buy single-family homes in the state. The bill, House Bill 4128, requires large institutional real estate investors to wait 90 days after a home is publicly listed for sale before purchasing it. The restrictions, which apply only to the largest real estate investment firms that control 2,500 or more homes and manage at least $1 billion in assets, are exempt. Nonprofits, community land trusts, and smaller housing providers would also be exempt. The measure is intended to give families and individual buyers more time to compete before large investment firms can make offers. The proposal initially raised concerns among housing industry groups, including Oregon REALTORS and Multifamily NW, which initially suggested it could limit real estate transactions or discourage housing investment.