What the VC Summer Layoffs Mean for Our Market

 
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The recent layoffs at the VC Summer nuclear plant mean home prices are likely to suffer in the surrounding area over the next year.

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This week, we received some terrible news—5,600 people lost their jobs at the VC Summer nuclear plant.

Obviously, this will be devastating for our area and all the families affected. If you’re one of those families members watching this video, I’m sorry this happened to you. I’ve been through layoffs in the past, and it’s no fun. If there’s anything we can do to help you, please don’t hesitate to give us a call.

This won’t be great for homes prices in the area around the plant for the next year, either. I’ve already had five people call me this past week telling me they needed to sell their house because they were out of a job.

If you’re a buyer, this is potentially beneficial because as prices dip down, you may be able to afford more house for the same price.

Make sure your home is in its best condition, has the best staging, and is priced as competitively as possible.

If you’re one of the people who need to sell your house because you’re moving, you’re about to enter a very competitive market. Make sure your home is in its best condition, has the best staging, and is priced as competitively as possible.

Like I said, I endured a couple layoffs at a much younger age in a previous career. It ended up being okay, though, and you’ll be okay too.

If you have any questions about this topic or need any help buying or selling a home in our market, please don’t hesitate to reach out to us. We’d be happy to help.

11 episodes available. A new episode about every 28 days .