Central Ohio can expect job gains in 2014
Boom or Bust?
According to economist Bill LaFayette’s annual economic
outlook; Central OH can look forward to 18,200 new jobs in 2014. This is a 1.9 percent increase in jobs and his
strongest outlook for the region since he began making the annual forecast 15
years ago. The sectors that LaFayette sees as strong will be:
health care, private
education, construction, transportation, professional and business services
will do well. Whereas, government hiring will continue to be weak, following
a similar pattern to that which has been seen since the recession.
BUT
LaFayette also advised that Central OH needs to improve
educational attainment, and needed to attract people from outside the state.
Small-business formation in central Ohio and in the state’s other metro areas
is near the bottom when ranked with U.S. metro areas in small-business start
up’s.
What Do I think
January’s housing numbers were down in 2014 at 1337 units
sold compared to 2013 at 1458 units sold; also February’s numbers were down in
2014 at 1444 units sold compared to 2013 at 1539. Home owners have realized a
8% gain in equity on their home as home prices have gone up 8% in 2014.
I think Central OH has a lot to offer; but is being
restricted by regulations which are effecting the economy and the housing
market. This makes it a lot harder on home buyers; and the result is fewer
homes being sold which effects the over all growth.
What do you think
“Are regulations
concerning OH Fracking ,Dodd Frank
Act, and Obama Care hurting or helping
the Central OH Home Buyer?” Please post your thoughts and advice
