The Walmart Effect on Home Prices: Economists Say Home Prices Have Increased Near Stores

Walmart, the nation's largest private employer, has been accused of skimping on workers' wages, but critics now may have a hard time arguing the presence of the giant retailer negatively affects housing prices. An economics research paper from the University of Chicago and Brigham Young University found that the presence of a Walmart led to the increase of housing prices by 2 to 3 percent on average for homes within 0.5 miles of the store. For houses located between 0.5 and 1 mile of the...Full Story
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