The tax that's stopping older homeowners from selling their valuable properties

"What we know, anecdotally, is that people are feeling locked in. There are a good share of people for whom this is the only source of wealth savings." - Selma Hepp, Chief Economist at CoreLogic.

"The share of home sales subject to the tax has more than doubled in the last few years. In 2023, 8% of US sellers made more than $500,000 in profit on the sale of their homes." - Property data from CoreLogic.

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