About Bryn Kaufman

Principal Broker and Creator of OahuRE.com

Next Year the Capital Gains Exclusion Might Double to $1 Million for Couples!

The More Homes on the Market Act, a bipartisan, NAR-endorsed bill recently introduced in the House of Representatives, would double the capital gains exclusion for sales of principal residences from $250,000 to $500,000 for single filers and from $500,000 to $1 million for married couples – and index these amounts for future inflation.

While the bill is unlikely to move in 2022, it’s a great first step to build on next year when a new Congress convenes.

Will Oahu Home Values Go Down?

Many feel Oahu is so desirable that the median price of homes will not decrease.

While I agree it is a great place to live, we have periods of falling prices.

As shown in this chart, we have had some drops, one over a 10-year period.

The question is whether the current mortgage rate increases will cause another drop in the Oahu median price.

Statistics Provided to Hawaii News Now

Hawaii News Now asked me to get some custom statistics for their 10 pm top story about the latest Fed rate hike.

I was able to pull together some interesting stats that show a huge drop in the sold over asking by month and a huge increase by month in sellers dropping their price.

I posted the screen clips, and you can view the full video at https://www.hawaiinewsnow.com/2022/09/22/latest-fed-rate-hike-may-also-increase-jitters-hawaiis-real-estate-market/