Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857).
Key claim: House Bill 6243 would change Michigan’s existing ban on certain businesses buying residential property by amending the 2026 law that created that prohibition.
Abstract
(HB6243 · 103rd Legislature) Property: land sales; prohibition of purchase of residential property by certain businesses; modify. Amends secs. 3 & 7 of 2026 PA 32 (MCL 125.853 & 1125.857). Sponsor: Rep. Bryan Posthumus ® In committee: H Regulatory Reform Latest action (2026-08-25): Bill Electronically Reproduced 08/11/2026
Why this matters
Michigan’s 2026 ban on certain businesses buying residential homes is already being revisited within the same session, signaling that the scope of who is restricted — and how — may shift before the law takes full effect. For homebuyers, investors, and real estate businesses, the practical reach of PA 32 of 2026 remains unsettled while HB 6243 works through committee.