Thursday, July 19, 2012

Does Walmart Lower House Prices?

That's often the claim when Walmart comes to town. But a National Bureau of Economic Research study of house prices near 159 new Walmart stores finds the opposite effect. House prices increase 2 to 3 percent if within a half mile of the new store and 1 to 2 percent if within 0.5 to 1.0 miles of the new store.

Source: National Bureau of Economic Research, When Walmart Comes to Town: Always Low Housing Prices? Always? Working Paper 1811 ($5)

No comments: