There may be a straightforward solution for another kind of “lock-in effect” paralyzing the nation’s housing market: fix the tax code. Recent analysis from Moody’s Analytics, led by Chief Economist Mark Zandi and Deputy Chief Economist Cristian deRitis, points directly to outdated capital gains tax caps as the culprit that is keeping millions of homes off the market and out of reach for families who need them most. According to the report, the problem starts with too many empty-nest seniors “locked in” to ...