L
icking County, Ohio - Intel's delayed project has left many wondering about its impact on the housing market and what it means for home buyers and investors.

    Ryan Scheutzow, a seasoned real estate professional, has seen firsthand how Intel's plans have affected land values in the area. Initially, the announcement of Intel's $28-billion project drove up demand for land, with prices increasing from around $5,000 to $10,000 an acre to as high as $150,000 to $300,000 an acre.

    However, with the project now delayed until 2030 or 2031, Scheutzow expects land values to drop by at least 50% from their peak in 2022. This is because many investors and developers had bought up land expecting a housing boom that never materialized.

    Despite this temporary setback, Scheutzow remains optimistic about the Central Ohio region's growth prospects. With 10,000 new people moving to the area every year, there is still a significant demand for housing. In fact, Scheutzow estimates that the region is already 5,000 housing units behind, which will drive up values over time.

    For those who have already bought homes and are concerned about potential drops in value, Scheutzow advises patience. While prices may not rise as quickly as they did before, he expects them to continue climbing year-over-year.