1. Maryland’s Economic Outlook & Housing Market Daraius Irani, Ph.D., Executive Director The Governor’s Housing Conference 2013 | Opening Session

2. © Towson University, Division of Economic and Community Outreach Maryland’s Economy National Picture

3. Source: US News © Towson University, Division of Economic and Community Outreach

4. Sources: Bureau of Economic Analysis

5. © Towson University, Division of Economic and Community Outreach Sources: Thomson Reuters, University of Michigan

6. Source: Bureau of Labor Statistics © Towson University, Division of Economic and Community Outreach 7.4% (U.S. Unemployment, July 2013)

7. Source: Mortgage Bankers Association © Towson University, Division of Economic and Community Outreach

8. Maryland’s Economy National Picture Forecast

9. Source: US News © Towson University, Division of Economic and Community Outreach

10. Source: Bureau of Labor Statistics © Towson University, Division of Economic and Community Outreach

11. Sources: Bureau of Labor Statistics, Regional Economic Studies Institute © Towson University, Division of Economic and Community Outreach

12. Sources: Bureau of Labor Statistics, Regional Economic Studies Institute

13. Maryland Indicators Historical & Projected Annual Figures (2011 to 2015) © Towson University, Division of Economic and Community Outreach 20112012201320142015 Total Non-Agricultural Employment (annual growth) 1.2%2.4%1.8%2.4%2.8% Total Personal Income (annual growth) 2.9%1.6%0.4%3.6% Sources: Bureau of Labor Statistics, Regional Economic Studies Institute

14. © Towson University, Division of Economic and Community Outreach Maryland’s Economy National Picture Forecast Housing Market

15. Source: Truthdig © Towson University, Division of Economic and Community Outreach

16. Source: Maryland Realtors Association © Towson University, Division of Economic and Community Outreach

17. Sources: Freddie Mac, Maryland Association of Realtors © Towson University, Division of Economic and Community Outreach

18. Source: Maryland Realtors Association © Towson University, Division of Economic and Community Outreach

19. Source: Maryland Association of Realtors © Towson University, Division of Economic and Community Outreach

20. Foreclosure Activity by County Percent Change (2010Q2 to 2013Q2) Sources: Maryland Department of Housing and Community Development, RealtyTrac © Towson University, Division of Economic and Community Outreach 3-Year Change Foreclosure Activity in 2013Q2 0 to 100 100 to 500 500 to 1,000 to 1,500 1,500+

21. Source: US News © Towson University, Division of Economic and Community Outreach

22. Source: Census Bureau © Towson University, Division of Economic and Community Outreach

23. Source: The Pew Institute © Towson University, Division of Economic and Community Outreach

24. Maryland’s Economy National Picture Forecast Housing Market Real Estate’s Reach

25. Source: Truthdig © Towson University, Division of Economic and Community Outreach

26. Affordability Rankings Closing Costs and Down Payments 19 th for most expensive closing costs – $2,441 for $200k Mortgage 16 th for highest down payment rate – 15.7% down on average Sources: Bankrate, Lendingtree, MarketWatch © Towson University, Division of Economic and Community Outreach

27. Recent Homebuyer Preferences in 2013 53% undertook home improvements 41% added or replaced lighting 37% added or replaced appliances Spent $4,550 on improvements Source: National Association of Home Builders © Towson University, Division of Economic and Community Outreach

28. Economic Impact of a Home Sold in Maryland +$21,033 real estate industry income Durable and nondurable goods +$5,647 +$4,934 home remodeling Source: National Association of Realtors © Towson University, Division of Economic and Community Outreach = SOLD

29. Economic Impact Analysis | Policy Analysis | Fiscal Impact Analysis | Survey Development and Analysis | Economic Forecasting | Market Feasibility Analysis | Workforce and Commuter Analysis | Tax Policy Solutions | Economic Development Planning & Strategy | Cost Benefit Analysis | Environmental Policy Analysis | Stakeholder and Community Engagement | Zoning and Land Use Analysis | Real Estate Analysis | Community Impact Analysis | Economic Impact Analysis | Policy Analysis | Fiscal Impact Analysis | Survey Development and Analysis | Economic Forecasting | Market Feasibility Analysis | Workforce and Commuter Analysis | Tax Policy Solutions | Economic Development Planning & Strategy | Cost Benefit Analysis | Environmental Policy Analysis | Stakeholder and Community Engagement | Zoning and Land Use Analysis | Real Estate Analysis | Community Impact Analysis | Economic Impact Analysis | Policy Analysis | Fiscal Impact Analysis | Survey Development and Analysis | Economic Forecasting | Market Feasibility Analysis | Workforce and Commuter Analysis | Tax Policy Solutions | Economic Development Planning & Strategy | Cost Benefit Analysis | Environmental Policy Analysis | Stakeholder and Community Engagement | Zoning and Land Use Analysis | Real Estate Analysis | Community Impact Analysis | Economic Impact Analysis | Policy Analysis | Fiscal Impact Analysis | Survey Development and Analysis | Economic Forecasting | Market Feasibility Analysis | Workforce and Commuter Analysis | Tax Policy Solutions | Economic Development Planning & Strategy | Cost Benefit Analysis | Environmental Policy Analysis | Stakeholder and Community Engagement | Zoning and Land Use Analysis | Real Estate Analysis | Community Impact Analysis | Economic Impact Analysis | Policy Analysis | Fiscal Impact Analysis | Survey Development and Analysis | Economic Forecasting | Market Feasibility Analysis | Workforce and Commuter Analysis | Tax Policy Solutions | Economic Development Planning & Strategy | Cost Benefit Analysis | Environmental Policy Analysis | Stakeholder and Community Engagement | Zoning and Land Use Analysis | Real Estate Analysis | Community Impact Analysis | © Towson University, Division of Economic and Community Outreach Learn More About RESI’s Projects and Services Towson.edu/Innovation @MD_Economist

30. © Towson University, Division of Economic and Community Outreach Thank You Presentations, Panel Discussions, and Networking Opportunities with a Focus on Maryland’s Burgeoning Film Industry