This is how Amazon’s presence is transforming Arlington’s housing market

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When Amazon announced plans to open its second headquarters in Arlington, Virginia, concerns regarding the local housing market began to manifest. After all, Amazon’s presence is notorious for transforming housing markets , whether that be by driving home values or boosting sales.

To drive sales, it is emphasizing online shopping, mobile apps and an marketplace with other vendors. and in Manhattan and Bridgehampton, N.Y. But much of the remaining real estate.

It’s spring home-buying season and thousands of prospective buyers have taken to California’s housing market. Although many factors will influence their purchasing decisions, new data from Trulia.

In the wake of Amazon’s announcement that it is searching for a second headquarters location, a number of cities – including the District – are doing everything they can to bring the company to their town. The new headquarters would occupy upwards of 8 million square feet of real estate and employ 50,000 people, and there would undoubtedly be an effect on the local housing market for the.

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"Higher taxes on Amazon would help by both moving resources from the company to pressing social needs and relieving some of the pressure on the city’s housing stock by getting Amazon to move.

Amazon is aware of the impact it will have on its new hometown, which could be part of why it split HQ2 in New York and Virginia. Those cities will have an easier time absorbing a large number of.

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presence. The increasing cost of housing will also impact area homeowners as. The Washington area is already a tight real estate market with low vacancy rates. The transformation of Arlington and Alexandria is related to socioeconomic.

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He has previously served in various leadership roles at, Inc., including as Global Vice. Such factors include, without limitation: general economic conditions including the housing.

When Amazon announced plans to open its second headquarters in Arlington, Virginia, concerns regarding the local housing market began to manifest. Now, Redfin indicates Amazon’s presence has impacted the area – by increasing home prices nearly 18%.