McGuire believes he and his cosponsors have hit on a way to construct that connection: Suspending capital gains taxes so that sellers are not penalized when they sell to first-time buyers. Email newsletter signupThe National Association of Realtors reports that in 2025, the median age of first-time home buyers was 40 – a record high. “This common-sense approach increases housing inventory, opens doors for young families and helps restore balance to a broken housing market.”He said the American dream has always meant owning a home. “You’re taking real steps to help the younger generation achieve the American dream of owning a home,” he said. Called the Don’t Tax the American Dream Act, this legislation proposes to eliminate federal capital gains taxes on the sale of primary residences.