Read a little further down, Blackstone only stopped purchases for now and waiting for the downturn to put $50 billion towards purchases soon after. This will further put regular people out of home ownership.
This mostly affects flippers, real estate agents, home investors, all the like greedy types. It's too bad for people with bad timing which are trying to make a decent living. And if you were in it for investing, you should of knew what you were getting into.