Consumer Spending is Up in Southern California Due to Housing Recovery, REMI Issues Observations

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Real Estate Marketing Insider's Tobias Nergarden comments on numbers that indicate an increase in spending in Southern California that has resulted in increased consumer spending.

Real Estate Marketing Insider's Tobias Nergarden issued some observations about the signs of increased consumer spending that has resulted from increased home sales today, and his opinion is that this will help home sales as increased consumer spending means consumers are willing to pay higher home prices. A real estate marketing company can make use of this information to find renters for San Diego vacation rentals.

The Post Enterprise reports that for the first time since the collapse of the housing market, consumer spending is up throughout Southern California. The California Board of Equalization has released new numbers from the second quarter of 2012 that show a 9.1 percent increase in consumer spending in the southern half of the state. Riverside County saw the most significant increase in spending, with a 11.7 percent rise. Orange County saw an 8.9 percent increase, which was lower than many of the surrounding counties, but still a significant increase.

The California Board of Equalization is in charge of collecting fees and administering taxes throughout the state. The Board itself is fairly small in size, consisting of four elected members who serve in a five person group with the State Controller. The regular members are elected from various districts throughout the state, while the State Controller is elected in a statewide election. The Agency itself employs thousands of workers who collect taxes as well as compile reports on taxes.

Riverside County is a very large county in Southern California that spans from the eastern border of Orange County to the Arizona border. Riverside County is close enough to Los Angeles that many people who work in Los Angeles live in Riverside. The population of Riverside County is currently growing rapidly, with many residents of the Tijuana area moving there. Along with this, there are several resort communities in Riverside County that make money from tourism.

Orange County is the smallest county in California, geographically speaking, but it is very densely populated. There are more than 3 million people living in Orange County, many of them working in Los Angeles. Tourism is a major part of the Orange County economy, partially due to theme parks like Disneyland, which is located in Anaheim, a major Orange County city.

Real Estate Marketing Insider today commented on the reported increase in consumer spending in Southern California that has come as a result of the beginning of a housing recovery.

About Real Estate Marketing Insider:

Real Estate Marketing Insider is a publication based in La Jolla, California. The purpose of REMI is to provide real estate professionals with tips, strategies, and in-depth analysis.

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