Quote Of The Day

” Walmart often faces strong local opposition when trying to build a new store. Opponents often claim 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 does indeed lower 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 percent for houses located within 0.5 miles of the store and by 1 to 2 percent for houses located between 0.5 and 1 mile.” — Economists Devin G. Pope and Jaren C. Pope

1 Response to “Quote Of The Day”


  • I’m not sure why but this blog is loading extremely slow for me.

    Is anyone else having this problem or is it a problem on my end?
    I’ll check back later on and see if the problem still exists.

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