US Real Estate

The US housing market was hit hard by the subprime mortgage crisis of 2007. The market then collapsed, houses lost value and interest rates rose rapidly. The number of « foreclosures », houses seized by banks, has increased rapidly.

The US real estate market takes a new lease of life in 2012 and has experienced steady growth since 2013, benefiting from lower interest rates, higher real estate values ​​and higher consumer spending. Today, the United States is the third largest real estate market in the world.

Some cities, however, took longer to recover from this crisis. It is only in 2017 that the Baltimore real estate market starts growing again thanks to the economic development of the region. Health services and education are real assets and many large companies come to settle there.

Baltimore: the “Charm City”

Highlights

Population: 611,100 inhabitants

Population of Washington-Baltimore metropolis: 9.8 millions inhabitants

Unemployment rate: 5,6%

Median age: 34,5 (37,4 in the US)

Per-capita income: $25,062

Baltimore on the Map
A strategic geographical location:
  • Located in the heart of the east coast of the United States, the city of Baltimore has a well-developed air, rail, road and sea transportation network which makes it easy to reach the big cities: Washington (60km), Philadelphia (145km) , New York (275km) and Boston (400km).
  • With more than 2.7 million inhabitants, Baltimore region is the 20th largest metropolitan population in the United States. Baltimore, with its 611,100 inhabitants, is the most populous city in Maryland. The Washington-Baltimore metropolis today has about 9.8 million inhabitants.
  • The port of Baltimore is one of the largest seaports on the East Coast. It is one of the economic forces of the region with the transit of about 15 million tons of merchandise per year. It supports nearly 34,000 jobs and generates $2.2 billion in business revenue. It also has a passenger cruise terminal that attracts a lot of tourists.
    • Economic and social assets:
  • The unemployment rate keeps decreasing: 5,6% in 2018; Employment rate grew by 6% over the last 5 years; 9,900 jobs have been added in the last 12 months.
  • Baltimore has high quality educational institutions including prestigious universities: Johns-Hopkins University and University of Maryland. The young and highly qualified local population is revitalizing the economy, especially in the High-Tech sector.
  • The region is home to many companies of varying sizes and industries: health, finance, education, logistics and high technology. They include, among others, Amazon, Morgan Stanley, Under Armor, Constellation, McCormick & Company, Johns Hopkins Hospital.
  • A $10 billion budget has been allocated by public and private companies for the construction and renovation of the city’s infrastructure.