Many Pennsylvania homeowners could face a sizable tax hit when they finally decide to sell due to outdated capital gains tax exemptions. 20.4% of homeowners in the state now have more home equity than the federal government allows to be excluded from taxes, which leads to significant financial implications for those looking to utilize their home equity.
Jenell Moffett, chief impact officer for DAA, told Austin Monitor that while the office market has cooled, several major public infrastructure projects totaling more than $20 billion are moving forward at full speed.