WASHINGTON, Dec. 8 -- Sen. Mark Kelly issued the following press release:
Senators Mark Kelly (D-AZ), John Cornyn (R-TX), Michael Bennet (D-CO), Steve Daines (R-MT), Adam Schiff (D-CA), and John Barrasso (R-WY) introduced the More Homes on the Market Act (https://www.kelly.senate.gov/wp-content/uploads/2025/12/More-Homes-on-the-Market-Act.pdf), which would make housing more available and affordable by incentivizing homeowners to sell their homes and increasing market supply.
"Arizona families feel the housing squeeze every day. Homeowners who want to move or downsize are worried they'll get hit with a big tax bill," said Kelly. "Updating this cap will make it easier for Arizonans to sell and keep more of their savings, while opening up h...