Many critics have long-argued that Walmart’s “always low prices” often stretches to nearby home prices too. When the big-box discount retailer comes to town, some residents have protested, saying that the store had the potential to lower home values close by.
It was dubbed the “Walmart Effect,” and over the years it has made a lot of residents oppose proposed Walmarts coming to town.
But a new study finds that Walmart can actually give nearby home values a little lift.
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