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Costco proximity boosts home values in wealthy, dense areas, study finds

Experts debate whether Costco creates value or confirms existing wealth

1 Sep 19 3:12 PM · 6d ago · 1 article · 1 source · development 1 of 2

Real estate professionals and economists offer competing interpretations: some argue Costco's convenience justifies higher property values, while others suggest Costco strategically locates in already-wealthy areas, making the correlation reflect pre-existing conditions rather than Costco-driven appreciation.

Experts debate whether Costco creates value or confirms existing wealth
NY Post

“Home values only increased in areas that were already high-density or high-income. That suggests the Costco effect is not universal but is highly dependent on the pre-existing economic and demographic characteristics of a neighborhood.”

Selma Hepp

Silas Kwok Economist, Vancouver School of EconomicsSelma Hepp Chief economist, CotalityChristina Rordam Real estate agent, Orlando, FL

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1Experts debate whether Costco creates…2Realtor.com story syndicated across…
Sep 20Sep 21Sep 22Sep 23Sep 24yesterdaynow · 12:56 PM ET

What was reported 1 claim about this development

  1. 1 outlet Living near a Costco may increase your home value — but it depends on where you live

    first by NY Post, 6d ago

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