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Home Prices: “Amazon Effect” Proves True
There’s now strong proof of something known as the “Amazon effect.” That’s what happens when a big company like Amazon moves into an area, creates thousands of new jobs, and launches the housing market into the stratosphere. The result is clearly seen when you look at the housing market in Arlington, Virginia, which is Amazon’s new East Coast home base, and compare that to Queens, New York, which pushed Amazon away.