Realtors tackle supply shortage, fair housing issues at legislative meetings

“The brick wall we face is supply. If we don’t have housing, we can’t expand access. So, we’re engaged in a range of efforts to ensure we have housing supply,” he said.

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Evan Liddiard, director of federal taxation at NAR, provided updates on how NAR is taking meaningful steps to increase inventory through tax incentives, down payment assistance, and tax credits for first-time buyers. “One potential solution we’re discussing is what if we offer some owners of rental properties a capital gains tax break if they sell to first-time buyers?”

Jessica Lautz, vice president of demographics and behavioral insights, provided insights on how the association’s research products can influence policymaking at all levels of government.

“We’ve worked to ensure the research products we’re releasing can be used on the Hill and also in your local communities,” Lautz said.