Sacramento’s latest housing fight is taking shape over a proposal to hike the city’s real property transfer tax on high-end home sales, and local real-estate agents are not exactly lining up to cheer it on. Mayor Kevin McCarty wants voters in November 2026 to sign off on the change, pitching it as a stable funding stream for down-payment assistance, eviction prevention and tiny-home shelters aimed at homelessness.
Realtors Push Back
Local realtors are sounding alarms about the plan, telling reporters they doubt the city’s revenue math and worry the move could thin out the buyer pool for pricier properties, which in turn could slow the broader market. Some agents point to results in other cities as a warning sign, and one local realtor told the paper…..