A view of houses in a neighborhood in Los Angeles on July 5, 2022. Frederic Brown/AFP via Getty ImagesMillions of single-family homes may sit vacant in some housing markets because their owners have concluded that selling them would trigger a bigger tax bill than simply holding on to the property, a new analysis suggests.In an April report, real estate investment firm Flock Homes looked at so-called “zombie homes,” or vacant properties whose owners have chosen not to sell or rent them out.
Tax Hit From Selling May Keep Millions of Homes Vacant: Analysis
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