More Homes on the Market Act
BULLISHHR1340 (More Homes on the Market Act) proposes doubling the capital gains exclusion on home sales. If enacted, it would incentivize homeowners to sell, increasing housing inventory and transaction volumes. Real estate marketplace Zillow ($Z) and major mortgage lenders WFC, JPM, and BAC are structural beneficiaries.
→ Reduces the tax penalty for selling, increasing the number of homeowners willing to list. Higher listing inventory boosts transaction volumes for real estate platforms and brokerages.