Exciting update for our local real estate market! A bipartisan group of U.S. senators has introduced the More Homes on the Market Act, aiming to update the outdated capital gains exclusion for home sales—something that could make a real difference here in North Coastal San Diego.
Currently, homeowners can exclude $250K (single) or $500K (married) in capital gains when selling. These limits haven’t changed since 1997. The new bill proposes doubling those amounts to $500K and $1M, finally reflecting today’s home values—especially important in high-demand areas like Carlsbad, Encinitas, and Del Mar.
Why this matters:
Many local homeowners feel “locked in” because selling could trigger large tax bills after years of appreciation. Increasing these thresholds could encourage more people to list their homes—opening up desperately needed inventory and creating more opportunities for buyers and sellers alike.
More flexibility for longtime owners, more movement in the market, and better housing options for families and downsizers — it’s a win for our community.
California’s own Senator Adam Schiff is part of this effort, aligning with broader initiatives to address housing shortages statewide. While the bill is still early in the process, it’s a promising step toward a more balanced market.
If you're thinking about selling or buying in Carmel Valley, Del Mar, Encinitas, Cardiff, Solana Beach, Carlsbad, or North County San Diego, now’s a great time to strategize. I’m here to help you navigate the market and plan ahead as policies evolve.
Ready to make your move? Let’s connect.
