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Housing Bill vs Consumer Protections | Real Estate News
A major housing bill seeks to double the capital gains tax exclusion for home sales—up to $500K for individuals, $1M for couples—potentially unlocking more homes on the market and boosting homeowners’ wallets. Backed by the National Association of Realtors and gaining fresh support in Congress, it’s a long-overdue update since 1997. Meanwhile, consumer advocates are sounding the alarm at the CFPB, urging it to preserve existing mortgage protections against predatory lending and risky loans, citing critical safeguards for borrowers. A tense but vital showdown is unfolding in Washington over…
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