What effect will the Pyramid Lumber announcement have on real estate?

Ever since Pyramid Lumber announced their upcoming closure, I have been asked one question by clients, friends and community members more often than any other: How will the mill closing affect real estate? Before I expound on that, there are many other things appropriately considered. First and foremost are the 100 employees that will be without a job. Behind each one of those employees are families that count on the wages brought home from the mill and without those wages, those families will be adversely impacted. Then there are the loggers, truckers and heavy equipment operators that supply...

 

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