Date: July 30, 2025
City Hall
- City Council is on summer recess and will return this fall for their first session on September 11th.
- Next week GPAR will be hosting a Key Contacts Training for all members interested in advocacy work with City Council. Click here to register.
State
- The State still has not agreed to a FY 2026 budget, putting schools, transit agencies, and local municipalities on high alert: Talks have stalled over revenue sources and cash reserves.
- Pennsylvania Home Prices See 6.5% Annual Increase as Inventory Continues to Rise: Median home sale prices escalated to an all-time high and the number of listing on the market climbed to 9% year over year.
- Legislation Aims to Protect Homebuyers in Flood—Prone Neighborhoods: Home sellers to disclose flood risk to potential buyers, if their property is located in a FEMA-designated food hazard area, and any history of receiving flood damage assistance or filing a flood insurance claim.
Federal
- Momentum Builds for Capital Gains Reform for Home Sales: With bipartisan support for reform, Congress seems poised to modernize home sales tax exclusion limit.
- “Big Beautiful” Tax Bill Now Law: An in-depth analysis and its impact on real estate professionals.
This report is submitted by Lexy McDowell GPAR’s Director of Government Affairs and Public Policy