THE BIG FINISH
WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS
INVESTING IN OPPORTUNITY ZONES
There's good news for some of the low-income and high-poverty areas that were designated as opportunity zones last
spring. According to an analysis by Zillow, these areas have seen a surge in sale prices since they received this designation as
investors, keen to receive a discount on capital gains taxes for investing within these areas, flock to these opportunity zones.
According to Zillow, sale prices in all eligible areas "grew faster than prices in places that weren't, but after opportunity
zones were selected, price-growth trends diverged among eligible tracts."
Five of the 10 opportunity zones "primed for investment" are in New York. Of these, four are in Brooklyn and one is in
Queens.
Zillow's report noted that Boston metro opportunity zones had the "highest average rank among all zones included in the
analysis." With two other metros among the 10 highest averages, Massachusetts had the highest statewide average rank.
Below are the top 10 Opportunity Zones "where recent market dynamics indicate a relatively strong likelihood of
investment," according to Zillow's report.
Source: Zillow, "These Low-Income Communities Should Prepare for an Influx of Cash"
RANK NEIGHBORHOOD
1 BROOKLYN HEIGHTS—NEW YORK CITY
2 WAYNE STATE—DETROIT
3 TREME' LAFITTE—NEW ORLEANS
4 HISTORIC WAVERLY PLACE—NASHVILLE, TENNESSEE
5 PROSPECT LEFFERTS GARDENS—NEW YORK CITY
6 SUNSET PARK—NEW YORK CITY
7 BEDFORD STUYVESANT—NEW YORK CITY
8 CHARLESTOWN—BOSTON
9 ASTORIA—NEW YORK CITY
10 EDGEHILL COMMUNITY GARDEN—NASHVILLE, TENNESSEE
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