As a Realtor, the biggest negative impact (in my opinion) is happening NOW. So many sellers & buyers are sitting on the fence. Potential sellers are waiting to see if they should "upsize" or "downsize". And buyers are waiting to see what MAY happen. Our paper this morning says that a judge in Jacksonville is getting the issue removed from the ballot. So we may not have any decision to make in January.
This is a decision most homeonwers will make based on their individual issues. My example is that I have lived in my home since 1995 and I have a large SOH value on my home. Yet, I don't plan to move anytime soon. Other homeowners may know they will only be in a home for 4-5 years, and the other super exemption option would be better for them.