An outdated 1997 tax provision capping capital gains exemptions at $500,000 for married couples is discouraging 13.1 million Americans from selling their properties. For developers and tech professionals building real estate platforms, this tax-induced lock-in restricts market inventory and exacerbates a national shortage of millions of units across high-value states like California and Utah. Watch for potential market shifts as lawmakers debate committee-bound bills proposing to double the limit or exempt seniors selling to first-time homebuyers.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
