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Realtors Push Tax Change to Boost Housing Supply | Real Estate News
Description
Realtors are pushing a bold tax fix to unlock stalled housing inventory: a bipartisan bill that would double capital gains exclusions—up to $500K for singles, $1M for couples—helping homeowners sell without crippling tax hits. With 30 years of stagnant limits and soaring equity, this move targets the core of the housing shortage, separate from interest rates. Meanwhile, the association is recalibrating its legal stance after a major settlement, stepping back from MLS rulemaking to avoid liability while supporting the system broadly. They’re also crafting a new strategic plan by listening directly to members, focusing on tech, modernization, and legal safeguards. Amid rising data access, Realtors stress their irreplaceable human edge—navigating complex deals and emotional hurdles that algorithms can’t handle.
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