Capital gains taxes on homes are exempt up to $250,000 for individuals and $500,000 for couples. The median price of a home sold in June was $435,300, according to the NAR. The share of homes priced above $750,000 that sold during the month was 17%. A Sold sign in front of a home under construction at the Waterways subdivision in Gulf Shores, Alabama, US, on Friday, Dec. 6, 2024. Micah Green | Bloomberg | Getty Images
Real estate experts are weighing in on a potential end to capital gains tax on home sales — as floated by President Donald Trump this week — and whether it could help unlock the housing market.
The capital gains tax on homes hasn’t changed in roughly 30 years, but the National Association of Realtors has been pushing for it. They