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Can a Grocery Store Really Affect Your Home's Value?
Monday, December 28, 2020
As studies go, ATTOM Data Solutions Grocery
Store Wars analysis is kind of silly. But at this point in this year, kind of silly
is sort of welcome. Keep chickens and eggs in mind and make of this what you
will. The company looked at how the proximity
of different grocery stores might affect a home's value, both for homeowners
and investors. They looked specifically at Whole Foods, Trader Joe's (TJ's),
and ALDI. The analysis considered current average home values, 5-year home price
appreciation from the same dates in 2015 to 2020, current average home equity,
home seller profits, and home flipping rates in U.S. zip codes with a least one
Whole Foods store, one TJ's store and (although one wonders if they mean "or"
rather than "and") one ALDI store.
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