This year at NMHC’s 2017 Annual Meeting, there was a mixture of optimism and caution with respect to the outlook for our industry. The biggest economic concern was the looming threat of another recession, but many panelists and researchers have pushed that possibility to the side in favor of economic growth. Inflation is not increasing by double digits and interest rates are still historically low.
Historically overlooked along the East Coast, millennial migration has symbolized the dawn of a new day in Charm City. The recent influx of a budding dynamic workforce to Baltimore’s urban core neighborhoods has driven the fourth largest increase in college-educated young professionals amongst metro areas nationwide. These young professionals followed substantial job migration resulting in a paradigm shift from Washington D.C. and other major Mid-Atlantic employment centers.