2022 Boise Idaho Real Estate Blog

How will Micron's announcement impact the local housing market?

Main Meridian Homes for Sale
With today's announcement of the 15% job reductions over 2 years at Micron (Idaho's largest private employer) how will that impact the local real estate market?

 I am fortunate that I will be having dinner with the #2 economist for the National Association of Realtors tonight, so I will personally ask him that question and let you know what he says.

I was glad to hear Governor Otter say that the Department of Commerce and the Labor Dept are taking a proactive approach of contacting companies thinking about relocating to Boise to let them know that we may have more skilled labor coming to the market.

I think most of the impact will be the areas closest to Micron; however that market has been stronger than other parts of the market because southeast Boise didn't get overbuilt like Meridian, Eagle and Star.

The fact that these people will get severence packages and be phased over 2 years will minimize the impact too.

Let me know your thoughts.

Posted by Jim Paulson at 10/9/2008 11:07:00 PM

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