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New study: WalMart raises home prices

5:21 AM, May 31, 2012   |    comments
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UNDATED - When Walmart comes to town, opponents often worry the big box store could lower home values.  

But new research suggests new Walmart stores may actually drive home prices up.

Two economists studied more than 600,000 housing transactions near 159 new Walmart stores.  Homes located within a half mile of a new store, on average, saw their prices rise between two-to-three percent in the two and a half years after a new Walmart store was built.

 

 

 

 

 

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