Calif. Lawmakers Push for Higher Capital Gains Exemptions, With an Eye on Home Sales

Orange County (Calif.) Register, June 20, 2026-Jeff Lazerson

Homes are insanely expensive, especially in Southern California, so buyers are facing bidding wars for the dearth of available turnkey, well-priced properties.

What’s causing this and how can we shake loose more “for sale” inventory?

The cause is the “lock-in” effect, which has discouraged a whole lot of Californians from selling their homes, preventing more opportunities for first-time and move-up buyers.

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