Real estate

Arlington sees housing boom before Amazon HQ2 even arrives

Illustration: Rebecca Zisser/Axios

The Northern Virginia housing market has tightened dramatically in anticipation of Amazon's HQ2, where buyers and sellers have been scrambling for months to lock up properties and take advantage of the new demand.

Why it matters: Amazon’s move into Arlington, VA — the first of 25,000 employees will arrive in June — comes as large tech companies are being blamed for fueling inequality and gentrification in major cities around the country.

Existing home sales disappoint again in April

Reproduced from National Association of REALTORS; Note: Historical data set used through December 2018. April 2019 is preliminary.; Chart: Axios Visuals