Latest / Real Estate News Today | 2 Min News | The Daily News Now!
The Hidden Tax Trap Holding Homes Hostage | Real Estate News
A hidden housing lock-in is trapping homeowners in their properties—not from low mortgage rates, but from a 1997 capital gains tax rule that’s never been adjusted for inflation. With tax-free sale limits stuck at $250K (single) or $500K (married), decades of home appreciation now trigger massive tax bills, especially for empty nesters who want to downsize. The result? Fewer homes on the market, stifled mobility, and wealth stuck in real estate. Proposals like the Nest Egg Protection Act or the More Homes on the Market Act aim to fix this, but the unintended consequence of the 1997 law is…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.