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DO NOT read this if you are looking for doom and gloom.......

By
Real Estate Agent with CENTURY 21 Triangle Group 294951

The Capital District of New York received some very exciting news recently.  AMD (Advanced Micro Devices, Inc.) made a major press release on October 7, 2008 announcing the creating of a new production company that will be building a new micro processor manufacturing facility in the Luther Forest Technology Park located in Saratoga County in upstate New York.  This is great news for our economy in the Capital District since it will bring no less than 1,400 jobs to our area.

Although our real estate market hasn't been impacted like the rest of the country, sales have definitelyslowed and as such, inventory is building.  Prices have basically remained flat compared to last year, but you know that won't last as AMD moves into our area.

So, if you have any Real Estate needs in Southern Saratoga County, please give me a call.

Here is a link to the press release made by AMD.

http://www.amd.com/us-en/Corporate/VirtualPressRoom/0,,51_104_543_1991~128482,00.html

 

Posted by

Serving Raleigh NC and the Greater Triangle Region

Lewis Beynon, Broker

Century 21 Triangle Group

(919) 475-6329    LewBRealty@gmail.com

FREE Home Search @ www.LewisB.com

Comments (4)

Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals

The addition of 1400 jobs is a major  yippee!!!!  Real estate should definitely be looking up in that area.

Oct 23, 2008 05:44 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

You can always add this kind of news to the AR group called Positive Real Estate News.

Oct 23, 2008 06:09 AM
Lewis Beynon
CENTURY 21 Triangle Group - Raleigh, NC
Lew B Realty

KATHLEEN- Thank you for your comment.

HEATH - Thanks a ton for this tip!!!

Oct 23, 2008 06:12 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Lewis, that is good news for your economy!  Good luck with it!

Oct 23, 2008 06:17 AM