Monetary Aid Coming as Wal-Mart Helps Housing: Cutting Research

Monetary Aid Coming as Wal-Mart Helps Housing: Cutting Research

David Paul Morris/Bloomberg

While the world’s largest retailer often runs into local opposition when opening a new store, those protesting may benefit: The price of houses located within 0.5 miles (0.8 kilometer) can rise by as much as 3 percent and by as much as 2 percent for homes a mile away, economists Devin Pope and Jaren Pope found.