A rigorous new study has concluded that Opportunity Zones are not fulfilling their promise, inflating residential prices without expanding investment in the designated areas.
By using an enormous database of residential sales transactions the real estate data management and analytics company Cherre Inc, along with outside academics, has undertaken the most comprehensive analysis yet of opportunity zone property market dynamics.
They determined that the program did not significantly increase transaction volumes but did raise real estate prices in designated areas by four to six percent over properties in comparable neighborhoods not included in the program.
My overview of OZ’s history and review of the new study in Propmodo.
Posted: by Andrew J. Nelson
Category: Uncategorized