What’s Going On
President Trump this week said he’s “thinking about” backing legislation that would eliminate federal capital gains taxes on home sales, a major shift that hasn’t happened in 30 years.
While this is far from law, it’s a proposal worth watching, especially in markets like Pembroke Pines, where home values have climbed steadily for decades and long-time owners are sitting on serious equity.
Read the article here:
👉 Read the CBSNews.com article here
What’s In the Proposal
Here’s a quick breakdown of what in the article:
The current law lets you exclude up to $250K in gains (single filer) or $500K (joint filer) from taxes on the sale of a primary residence.
That cap hasn’t changed since 1997 even as home values have doubled (or tripled) in some areas.
The proposed bill, introduced by Rep. Marjorie Taylor Greene, would eliminate capital gains tax on home sales altogether.
The idea: Unlock housing inventory by making it easier for longtime owners (especially seniors) to sell without a tax hit.
Why It Matters Here in Pembroke Pines
Homeowners in neighborhoods like SilverLakes, Towngate, and Pasadena Estates who bought 20+ years ago could easily surpass the $500K gains threshold.
Many of these long-term owners are “stuck” not wanting to sell and take a huge tax hit.
More freedom to sell could loosen up inventory, especially in the mid range single family segment.
But there’s debate: Critics argue this would mostly benefit wealthier homeowners and invite more investor speculation, driving up prices.
Bottom Line:
This proposal isn’t law yet.
But if it moves forward, it could have big implications for our local market.
For longtime homeowners, it could mean finally cashing out without penalty
For buyers, it could mean more homes hitting the market.
For investors, it might signal another reason to dive back in.
If you're sitting on equity and unsure whether to sell or hold now’s a good time to talk with your CPA or real estate advisor.
Want a breakdown of how this could affect your home specifically?
Hit reply.
We’ll run the numbers.
Want the full story?
👉 Read the full CBSNews.com article here
