Approved at the NAR conference last week are three policy changes to our stance on taxes:

• Supported improved reporting and disclosure requirements regarding foreign ownership of U.S. real estate by eliminating the compliance burden on buyers and placing it on sellers and/or their agents.
• Advocated for a zero capital gains tax rate or a reduced capital gains tax rate for owners of rental single-family homes, townhomes, or condominiums that sell the property to an owner-occupant.
• Supported policies that provide tax incentives to encourage home buyers to save for the down payment for their first home.