If ever there was a time in the past 4 years to advertise those things that the average consumer has been putting off buying, this is it. And that includes automobiles, RVs, vacation travel, homes, appliances, remodeling services, and furniture.
Most people have put off these big-ticket purchases until they felt the economy was more stable and predicable, and their job was mostly secure. With unemployment rates down, home prices coming back up, interest rates at an all-time low, and the stock market very solid, people are finally replacing those worn-out products and cars, and selling the home they have been stuck in for 4-5 years.
As spending increases, and the stock market creates more wealth, more products will be purchased, and more jobs created. But the recovery is not, and will not be equally felt across every state, in either the speed of recovery, or the depth of the recovery.
If the current trends hold, we will see Texas, Utah, North and South Dakota, Wyoming and Virginia lead the pack, based on lower tax rates and more pro-business climates. In addition, Texas and Utah both enjoy robust growth in the high-tech sector. There are other pockets of high tech growth that will certainly help support the host state, such as San Francisco, Boston, New York City, Seattle, and the Research Triangle in North Carolina. Florida and Nevada are also beginning to see significant improvements in development, home values and job growth.
Most people have put off these big-ticket purchases until they felt the economy was more stable and predicable, and their job was mostly secure. With unemployment rates down, home prices coming back up, interest rates at an all-time low, and the stock market very solid, people are finally replacing those worn-out products and cars, and selling the home they have been stuck in for 4-5 years.
As spending increases, and the stock market creates more wealth, more products will be purchased, and more jobs created. But the recovery is not, and will not be equally felt across every state, in either the speed of recovery, or the depth of the recovery.
If the current trends hold, we will see Texas, Utah, North and South Dakota, Wyoming and Virginia lead the pack, based on lower tax rates and more pro-business climates. In addition, Texas and Utah both enjoy robust growth in the high-tech sector. There are other pockets of high tech growth that will certainly help support the host state, such as San Francisco, Boston, New York City, Seattle, and the Research Triangle in North Carolina. Florida and Nevada are also beginning to see significant improvements in development, home values and job growth.
