General Area in 83705>Question Details

Steve, Home Buyer in Boise, ID

How will Micron Effect my homes worth?

Asked by Steve, Boise, ID Wed Jul 11, 2007

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6
I agree with Deanna, there are many determining factors that will affect a homes value. I don't believe Micron's planned lay-offs will have much effect on home values in the valley at all. While Micron's need to reduce its number of employees is unfortuanate; the treasure valley area is still slated for large amounts of growth which will increase demand for housing. Bottom line it's not something you should be too worried about.
2 votes Thank Flag Link Wed Jul 11, 2007
Hi Steve:
There are a variety of answers to your question as there are many factors involved. The main things to take into consideration are: area, age of home, current value and your personal goals. While I do not believe the downsizing of Micron will have an across-the board affect on our community, we are in a market that requires a customized marketing program & knowledge of constant market changes and pricing. The Boise area historically tends to withstand economic changes fairly well. Feel free to call or email me for further evaluation on your plans and an overview on your home's value.
1 vote Thank Flag Link Wed Jul 11, 2007
Hi Steve! Micron's jobs and success affects our homes values in Boise, especially in SE Boise. Are you located in SE Boise? Right now, homes near Micron are popping up like crazy and prices are climbing over there! SE Boise is a coveted location. Right now, Micron is having a positive impact on the market! :)
0 votes Thank Flag Link Sat Nov 22, 2014
I've helped 4 different investors buy in Bristol Heights. All of their investments are currently rented. They've appreciated 24% in less than 2 years. Understand that this run up in their investment took place during the hottest market time we've ever seen. I don't consider Bristol Heights your ideal investor subdivision anymore. Rents won't service the debt with minimum down. There are better investments to consider. Call me and I'll show you. 2088503000. Best, Heinrich
Web Reference: http://geniusrealtyblog.com
0 votes Thank Flag Link Fri Aug 3, 2007
The only people who really know how many people Micron will lay off is Micron. As it stands roughly 10% of their work force was cut. That is unfortunate for those families affected by it. Any other estimations are merely speculation. The home market around Micron is actually doing quite well in comparison with other Boise areas.

For any questions about real estate specific to your location please feel free to visit my website at http://www.BrianBrumpton.com.
0 votes Thank Flag Link Sat Jul 28, 2007
So your looking for a forcast to Micron's affect on the local real estate market? You better hang on, because the work force is going to drop in half. Say, 5,000 to 6,000 jobs. Most cuts will occur in the fab side of the business. Starter homes owned by over extended fab workers will hit the market. These will be snapped up as basic rentals. The rental market will continue to do very well. It will be a great time to buy one. If you want to take a stab at finding a good deal, find a short sale. I've regularly posted a link to those deals at http://www.geniusrealtyblog.com. Last post was 7//15/2007. Enoy! Heinrich 208.850-3000.
0 votes Thank Flag Link Tue Jul 17, 2007
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