The lodestar of the American Dream is homeownership. But the current housing market presents two opposite challenges. For new buyers, low inventory and high mortgage rates have made it harder to get on the property ladder. For older homeowners, the problem is selling. Many who might like to downsize or move are locked into their current homes because they would face a large capital gains tax on the significant increase in their home's value.
It's a unique problem facing many retirees and pre-retirees, due to the impressive equity they have built up in their homes.
