Maryland Residential Realty

Real Estate Trends
I have had the opportunity to attend a number of seminars recently on future housing trends and they all seem to point in the same direction. According to many of these urban planners both the younger generation Y, 25-39 year old and the Baby Boomers will be looking for homes that are closer in requiring less travel to work and less use of the automobile. These people will want somewhat smaller homes with higher end amenities and close to recreational facilities and parks. They are looking for the walk able communities. I have noticed that many are looking at Townhomes and Condo’s.
Both Baltimore County and the state of Maryland are very aggressive in their planning to meet these changing needs. According to a recent Maryland Planning Forum that I also attended, Maryland’s population is expected to grow over the next 20 years from 5.6 million residents to over 7 million. Geographically Maryland ranks 46th in size to other states but we currently are ranked 19th in population. We have one of the highest population of attorney’s and scientist in the United States. Maryland is also recognized as having the best educational system in the country.