The 'Exit Tax' That Can Make Vacant Homes Worth Holding

Flock Homes' analysis reveals in 49 U.S. markets, holding a vacant home for at least five years incurs lower costs than the tax hit from selling, particularly in areas with high property appreciation and low annual holding costs due to tax policies like California's Proposition 13. This finding highlights how tax implications can discourage sellers from listing their properties, exacerbating housing shortages and limiting buyer options.

Read the full article at Realtor.com Blog

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