Tuesday 18 December 2018
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wn.com - 1 month ago

Awaiting Amazon, 2 quiet real estate markets turn white-hot

WASHINGTON (AP) — Amazon has just sparked a real estate frenzy to rival Cyber Monday. A three-bedroom condo with Manhattan views that had sat on the market for months, priced at $1.7 million, is suddenly drawing would-be buyers now that Amazon has announced plans to build part of its new second headquarters in Long Island City. Online searches for homes in Long Island City — long an industrial area in the Queens borough of New York — soared 248 percent last week, the real estate brokerage Redfin said. Searches in the other winner of Amazon s sweepstakes, Crystal City, Virginia, jumped 84 percent. Real estate agents say they re hearing from investors who d like to become landlords and from...

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