Trump Considers Ending Capital Gains Tax on Homes
Introduction to the Topic
LiveNOW’s Mike Pache interviews real estate broker and owner, Randy Courtney, a part of Weichert Realtors-Courtney Valleywide regarding Trump weighing effort to remove capital gains tax on home sales.
Realtor.com’s July housing report shows Miami homes are leaving the market faster than anywhere else in the U.S., as sellers pull listings rather than lower prices.
Miami now leads the nation with the highest delisting-to-listing ratio — 59 homes pulled for every 100 new ones, up sharply from 27 per 100 in May, according to FOX Business.
Expert Insights
What they’re saying:
“It isn’t necessarily a bad thing,” Douglas Elliman agent and managing director Joe Azar told Fox News Digital. “It’s a natural cycle of the market because inventory may tighten. So if those homeowners remove their properties off the market, it actually may create a little bit more urgency.”
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“Many of the clients I speak to were going to come back onto the market typically October, November, which is quote-unquote our busy season here in South Florida,” Azar said.
While it may look like Miami’s market is cooling, Azar says the trend reflects a typical summer slowdown, influenced by expectations of rate cuts and dynamics in both new construction and older inventory.
Miami Housing Market
A home for sale in the Miami Shores neighborhood of Miami, Florida, US, on Wednesday, Aug. 20, 2025. Sales of previously owned US homes rose modestly in July as price growth slowed and mortgage rates drifted lower, helping to stabilize demand.
Broader Housing Landscape
Big picture view:
What this means for the broader housing landscape is a healthy balance, according to the agent, as delistings cause shrinking supply and a sense of urgency among buyers.
“If there’s buyers out there looking, essentially, that could help boost the interest in those specific homes that are still currently on the market,” Azar said. “I think it’s a natural [progression] of the market. It’s not anything specific.”
There’s also still an influx of buyers from New York, California, Chicago and abroad as the Sunshine State’s lifestyle, tax benefits and continued corporate relocations drive demand.
“The growth of Florida and specifically South Florida is why I am bullish, so to speak, on the market here locally in the next six months.”
Source of Information
The Source: The information in this story is drawn primarily from Realtor.com’s July housing report, which tracks national housing trends, and from FOX Business. This story was reported from Los Angeles.
Conclusion
In conclusion, the Miami housing market is experiencing a significant shift, with homes being delisted at a higher rate than new listings. While this may seem like a cooling market, experts believe it’s a natural cycle and could create more urgency among buyers. The broader housing landscape is expected to benefit from this trend, with a healthy balance between supply and demand. As the Sunshine State continues to attract buyers from across the country and abroad, the growth of Florida and specifically South Florida is expected to remain strong in the next six months.
Frequently Asked Questions
Q: What is happening in the Miami housing market?
A: The Miami housing market is experiencing a high delisting-to-listing ratio, with 59 homes being pulled for every 100 new ones.
Q: Is this a sign of a cooling market?
A: Experts believe it’s a natural cycle of the market and could create more urgency among buyers.
Q: What is driving demand in the Miami housing market?
A: The Sunshine State’s lifestyle, tax benefits, and continued corporate relocations are driving demand, with buyers coming from New York, California, Chicago, and abroad.
Q: What can buyers expect in the next six months?
A: The growth of Florida and specifically South Florida is expected to remain strong, with a healthy balance between supply and demand.
