5 reasons Amazon's HQ2 pick is a dud for mortgage lenders
Amazon's surprise decision to split its second headquarters between two HQ2 finalists — Long Island City in the Queens borough of New York City, and the Crystal City neighborhood of Arlington, Va. — should come as a disappointment to mortgage lenders hoping the promise of 50,000 new high-paying jobs would be a boon for business.
To be sure, the New York City and Washington, D.C., metro areas will see a flurry of housing and mortgage activity as a result of HQ2. But the direct benefits to mortgage lenders won't be as significant as they could've been in many of the other cities on Amazon's list of 20 finalists.
Here's a look at five reasons why the much-anticipated HQ2 announcement is a dud for mortgage lenders.