TR-HNR-January-2019-Digital

NEW YORK-AREA OPPORTUNITY ZONES 5-YEAR HOME PRICE APPRECIATION

-100%

226%

NORTHERN NEW JERSEY

5 BOROUGHS AND LONG ISLAND

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D.C.-AREA OPPORTUNITY ZONES 5-YEAR HOME PRICE APPRECIATION

-32%

180%

NORTHERN VIRGINIA

MARYLAND

DATA IN ACTION

Opportunity Zones: Prime Investing Opportunities in Amazon HQ2 Markets

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ro area with a total of 129,826 single family homes and condos and a total of 1,442 home sales YTD in 2018; and 5 opportunity zones in the Nashville metro area with a total of 28,381 single family homes and condos and 367 home sales YTD in 2018.

Amazon HQ2 headquarter markets, ATTOM analyzed 80 opportunity zones in the Washington, D.C. metro area with a total of 263,889 single family homes and condos and a total of 3,031 home sales in 2018; 65 op- portunity zones in the New York met-

significant discounts. The ATTOM analysis looked at housing characteristics, home values and price appreciation for 7.4 million residential properties and 259,000 home sales in more than 3,000 opportunity zones. Specifically in the

T he new Opportunity Zones creat- ed by the tax reform legislation passed in December 2017 provide real estate investors with prime, tax-incented investing opportunities, particularly if they can find zones

that are in the path of progress. The newly announced Amazon HQ2 markets certainly qualify as being in the path of progress. An ATTOM Data Solutions analysis of opportunity zones in these markets

– New York and Washington, D.C., along with Nashville – shows that home price appreciation in these zones is already outperforming the surrounding market, even while homes can still be purchased at

30 think realty housing news report

january 2019 31

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