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When Walmart comes to town: Always low housing prices? Always?

Listed author(s):
  • Pope, Devin G.
  • Pope, Jaren C.

Walmart often faces strong local opposition when trying to build a new store. One common complaint is that Walmart lowers nearby housing prices. In this study we use over one million housing transactions located near 159 Walmarts that opened between 2000 and 2006 to test if the opening of a Walmart lowers housing prices. Using a difference-in-differences specification, our estimates suggest that a new Walmart store actually increases housing prices by between 2% and 3% for houses located within 0.5 miles of the store and by 1–2% for houses located between 0.5 and 1 mile.

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File URL: http://www.sciencedirect.com/science/article/pii/S0094119014000795
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Article provided by Elsevier in its journal Journal of Urban Economics.

Volume (Year): 87 (2015)
Issue (Month): C ()
Pages: 1-13

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Handle: RePEc:eee:juecon:v:87:y:2015:i:c:p:1-13
DOI: 10.1016/j.jue.2014.10.004
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622905

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  21. Pope, Jaren C., 2008. "Fear of crime and housing prices: Household reactions to sex offender registries," Journal of Urban Economics, Elsevier, vol. 64(3), pages 601-614, November.
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