Amazon HQ2 rattles New York and DC real estate markets [CNN]
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Source: CNN
See Amazon's HQ2 picks Washington, DC (CNN Business) It wouldn't happen for months, if not years. But Amazon's eventual arrival in Northern Virginia and Queens has already sent shockwaves through two surrounding real estate markets. All of a sudden, the two-bedroom condo in a 1980s-era building that had been sitting on the market for nearly three months with no offers, even after a price cut, had a flood of interest. Gemond did eight showings in one day, for people who wouldn't tell her why they were interested — but who she suspects were either investors looking to flip the property or rent it out at an inflated rate, or people from companies planning to locate near Amazon if it moves in. It feels like that moment in a horse race where all the horses are lined up in the starting gate, says Gemond. They're just antsy and ready to get going, they're waiting for that gate to be lifted. It's not just her. The real estate listing website Redfin found searches in the fir
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