Amazon ‘Lotto’ Winners in New York and Virginia See Housing Jackpot – Bloomberg – November, 14, 2018

With the decision by Amazon to locate one of their HQ2 properties in northern Virginia, there are opportunities and challenges for the local housing market.

Read the story here.

Excerpt: “Both Queens and northern Virginia have already had strong real estate price growth as young families sought less-costly homes near public transportation, with easy access to Manhattan or Washington. Though Amazon has said it’s committed to preserving affordable housing, its arrival will unavoidably act like an “accelerant” on the property market, pushing poor people farther out, said Nina Janopaul, chief¬†executive officer of the Arlington Partnership for Affordable Housing.”