Where Amazon’s HQ2 May Help Housing Most

 In Agents, Buying a Home, Education, Local Market Stats, Market Trends, Marketing, real estate news

Amazon has narrowed its choices for the home base of its second headquarters, known as HQ2, down to 20 cities, and the stakes are huge. The winning city will garner up to 50,000 new high-paying jobs as well as a promise from Amazon to invest $5 billion in the local economy. In total, 238 cities and regions submitted applications to Amazon, promising tax breaks and other incentives to lure the online giant.

“Amazon’s decision on where it will locate its second U.S. headquarters has the power to transform the local housing market,” says Javier Vivas, director of economic research at realtor.com®. “The city that gets selected will immediately see a boost to jobs and wages, pushing home values up and triggering new construction in neighborhoods within commuting distance of the headquarters location.”

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