The National Association of Realtors is pushing for a tax credit for home sellers, with the giant lobbying group saying the approach would help address the U.S. housing market’s lack of inventory.

NAR Chief Economist Lawrence Yun told reporters during a Tuesday conference call that the goal is to “talk with members of Congress to see if we can have some kind of tax credit for the home sellers to list their property onto the market.”

Homeowners in the U.S. aren’t putting their properties up for sale in part because they’re locked into fixed interest rates for their mortgages that are well below today’s rates. That’s helping to perpetuate a housing shortage, which keeps prices elevated and hurts Realtors and other players in the real-estate industry VNQ who benefit from high transaction volumes.

The proposed tax credit would be temporary and aim to “encourage long-tenured owners of single-family homes to sell their home to an owner-occupant,” said an NAR report, adding that one study estimated the approach could “bring as many as 640,000 homes to the market.” The credit was among four tax-policy recommendations that the group’s board of directors approved Friday.

NAR, which disclosed more spending on Washington lobbying last year than any other organization, was hit last month with a big court decision that could lead to lower commissions for home sales.

MarketWatch’s Greg Robb contributed.

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The post It’s Time for a Tax Credit for Home Sellers To Prod Owners To List Their Houses, Realtors Say appeared first on Real Estate News & Insights | realtor.com®.