CNBC's "Fast Money" Changes In The Housing Market… And Fears After Netflix Earnings 7/22/25
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Jul 22, 2025 The discussion kicks off with the potential elimination of capital gains taxes on housing sales and its predicted impact on home prices. A chief economist warns of the consequences for first-time homebuyers amid rising mortgage rates and supply shortages. The hosts dive into Netflix's shaky quarterly figures, raising concerns about the streaming giant’s future. Meanwhile, Texas Instruments faces a stock drop due to a cautious outlook on the automotive sector, all while meme stocks like Kohl's experience unpredictable surges.
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Impact of Capital Gains Tax Removal
- Eliminating capital gains tax on home sales could encourage sellers but may not improve affordability for first-time buyers.
- This policy might increase home prices by enabling homeowners to roll gains into higher-priced homes without tax penalties.
Housing Market Becomes Buyer Friendly
- The housing market is shifting into a buyer's market with more homes for sale and increased buyer negotiating power.
- Sellers are starting to lower prices to align with buyers, especially in states with pandemic-era building booms.
China Industrial Boost, Auto Weakness
- China demand for Texas Instruments rose due to industrial demand, not automotive, mirroring global market trends.
- The auto sector remains weak despite hopes for recovery, impacting semiconductor suppliers.