Realtors see Intel expansion as extra boost to the housing market

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CHANDLER, AZ (3TV/CBS 5) -

Realtors say Chandler's already strong housing market will get an added boost from Intel's new expansion.

The Amy Jones Group, a major player in East Valley real estate, was involved in nearly $75 million in sales in 2016, and reports a rise in appreciation at around 6 percent.

"So many neighbors in this area work at Intel," Mindy Jones Nevarez said Wednesday afternoon, while putting a "sold" sign on a home blocks from Intel's Ocotillo campus.

She said the market is pinned to Intel's successes and slowdowns, and points to a planned Intel expansion a few years ago, which fizzled.

"We never saw the full potential. It was disappointing, and did impact the market," Jones Nevarez said.

Everyone from Chandler's mayor, to Arizona's governor, to the president of the United States is vowing this time will be different.

"Like with a lot of companies, there might have been layoffs, but they are committed to hiring 3,000 permanent people at that site," Chandler Mayor Jay Tibshraeny  said.

"It's such a big driver of the community here," Jones Nevarez said, pointing to new construction and an influx of newer restaurants surrounding Intel's facilities.

[READ MORE: Intel to invest $7 billion in Chandler, AZ factory; 3,000 people to be employed]

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Jared DillinghamJared anchors the News at 8 on 3TV, and reports for both 3TV and CBS5.

Click to learn more about Jared.

Jared Dillingham

Over his decade in Phoenix, Jared has reported for all shifts, and anchored both mornings and weekends.

Since moving to Arizona in 2008, Jared has covered everything from Senator John McCain's campaign for president, to the Jodi Arias trial, to the largest wildfire in Arizona history.

Jared grew up in New York, and graduated from Syracuse University with degrees in broadcast journalism and political science.

After internships at News12 Long Island and NBC in Washington, DC, Jared moved to beautiful "Big Sky Country." He spent a year at KRTV in Great Falls, Montana, before moving to KREM in Spokane, Washington.

The Valley has truly become "home" for Jared. He lives in Phoenix, and spends his mornings listening to as many news/political podcasts as possible, while walking his (now elderly) rescue dogs, Gabby and Bree.

On his days off, Jared can be found hiking Piestewa Peak or Camelback Mountain.

He also travels as much as possible and runs a blog with advice on visiting cities around the world.

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