HousingWire: Amazon pick for second HQ likely in already overheated housing market
CoreLogic report shows home prices overvalued in half of shortlisted markets
The moment we've all been waiting on baited breath for finally happened this week, as Amazon revealed the 20 finalists for its second headquarters, commonly referred to as Amazon HQ2.
According to CNN, Amazon received bids from 238 cities and regions throughout North America, all vying for their chance to be the online retail giant's second home.
Amazon said that it expects to invest more than $5 billion and plans to grow its second headquarters into a “full equal” to Amazon's current headquarters in Seattle. Amazon also expects to create as many as 50,000 “high-paying jobs” for the selected area.
But what else might come with that much corporate investment and new high-paying jobs? Higher home prices.
Courtesy of HousingWire