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【World Property Journal】A Year After Amazon Announcement: Have Home Prices Changed in HQ2 Target Cities?

【World Property Journal】A Year After Amazon Announcement: Have Home Prices Changed in HQ2 Target Cities?

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A year has passed since Amazon announced they had chosen its new HQ2 cities, and one burning question remains: Has the news had any noticeable effect on the Washington, D.C. housing market?

According to new research by CoreLogic's Deputy Chief Economist Ralph B. McLaughlin, his findings are threefold.

First, CoreLogic sees little evidence the metro area has experienced a large increase in housing prices since the November 2018 announcement.

Second, and in contrast, some individual zip codes - especially those near the HQ2 location - have had a strong uptick in price gains since the announcement.

Lastly discovered, relationship between proximity to the HQ2 site and home price gains have strengthened remarkably since March 2019.
 

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