Housing
Investors Are Readying for a Housing Price Spike in the Amazon HQ2 City
Already, real estate investors are making plans for the inevitable influx of workers and the corresponding leap in the housing market when Amazon selects its HQ2.
Amazon still hasn’t chosen the metro area that will host its second headquarters. But it promises it’s going to choose, sometime on or before December 31, 2018. And when that day comes, the housing market in its crosshairs will likely be hit with a shock.
Experts disagree on how disruptive and how immediate said shock will be: It’s clear that an influx of 50,000 employees making an average of $100,000 a year—which Amazon promises to bring—will likely result in an increase in housing prices, and a strain on housing supply; but the magnitude of the effect on each housing market will vary by metro area, and it will take years before all 50,000 employees move in.