Utah’s Housing Crunch Needs Fix | Salt Lake City News

Utah’s housing crisis is hitting hard as booming population and soaring prices make it nearly impossible for families and businesses to keep up—until Congress steps in with the More Homes on the Market Act, designed to fix a 30-year-old tax loophole that’s discouraging sellers from listing their homes. Since 1997, capital gains exemptions have stayed frozen while home values skyrocketed, leaving longtime homeowners unfairly burdened by taxes on inflation-driven profits. This bill would adjust those limits to reflect today’s market, encouraging more sales and easing Utah’s housing shortage—just what the state needs to keep growing strong for future generations. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/99f7b92295dd6b8a