After the economy slowly advanced in Huntington Beach in 2013, local officials are optimistic about what 2014 holds. Small and local businesses across the nation had an up-and-down year in 2013 but ended it in a great position: Businesses with fewer than 50 employers added 108,000 jobs in December, up from 37,000 positions in October. Those looking for real estate in Huntington Beach will be edging into a prospering community just in time for what looks to be a vibrant year.
Last year welcomed several new businesses to the Huntington Beach area, but the Chamber of Commerce membership remained around 700, according to chamber President Jerry Wheeler. Wheeler looks forward to a a bit more oomph in the local economy in 2014 and so does Kelly Miller, president of the Huntington Marketing and Visitors Bureau.
“A part of this growth is being driven by boomers,” Kelly told the Huntington Beach Independent. “About 10,000 new baby boomers a day are being crowned, and they drive a tremendous percentage of consumer spending.”
Although consumers remain cautious due to a similar forecast predicted at the start of 2013, more signs point that the economic resurgence is on its way. Nationwide, more entrepreneurs are able to expand their businesses due to an increasing number of small commercial business loans and improved application approval rating.
In fact, according to the Thomson Reuters/PayNet Small Business Lending Index, commercial loans given to small firms have increased year-over-year for the fourth straight time. And despite the government shutdown in October, data from the month was at its highest level in more than six years.
2014 will be a big year economically, and those looking for real estate in Huntington Beach shouldn’t wait any longer to buy or sell.
Interested in purchasing Huntington Beach real estate? As a local real estate agent, I am here to assist you in your search of finding your dream home.