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 weekend newscasts at 5, 6, 9 and 10pm on both 3TV and CBS5. He also reports during the week for both stations.

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Jared Dillingham

Over his decade in Phoenix, Jared has worked all shifts at 3TV, including a yearlong stint anchoring the weekend morning show.

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