FEDERAL ECONOMIC AREA REPORT. Maryland: Congressional District 5

FEDERAL ECONOMIC AREA REPORT Maryland: Congressional District 5 Informationis not guaranteed. Equal Housing Opportunity.

Congressional District Report For the 115th Congress Maryland District 5 Honorable Steny H. Hoyer (D) January 2017 Report National Association of REALTORS

Congressional District Report For the 115th Congress Congressional Districts of the State of Maryland

Congressional District Report For the 115th Congress This report presents the most recent and relevant data at the District and State levels in support of the goal of the National Association of REALTORS to sustain and strengthen home ownership. For many people, home ownership is the achievement of the American dream. From a policy perspective, home ownership is one of the most effective ways to reduce wealth and income disparity; home values provide the largest source of net worth for many Americans. Home ownership also brings tremendous social and economic benefits by encouraging the formation of stable and responsible neighborhoods. 1 Financial Benefits of Home Ownership 300 200 Median Family Net Worth (Thousands, in 2013 Dollars) Homeowner Renter 263.7 226.6 227.8 181.3 160.6 158.1 188.9 187 195.4 100 3.5 5.3 7.4 6.1 6.3 4.9 5.8 5.4 5.4 0 1989 1992 1995 1998 2001 2004 2007 2010 2013 Source: Federal Reserve Board, Survey of Consumer Finances Real estate, demographic, and economic data are presented to provide information about the status of home ownership, trends in the real estate market, and the economic conditions that underlie the demand for housing. Additional information on housing statistics is available at http://www.nar.realtor/research-and-statistics Information about the political advocacy of the National Association of REALTORS is available at http://www.nar.realtor/political-advocacy 1/ "Social Benefits of Homeownership and Stable Housing", National Association of REALTORS, April 2012, http://www.realtor.org/sites/default/files/social-benefits-of-stable-housing-2012-04.pdf

HOUSING STATISTICS FOR THE 115TH CONGRESS Maryland District 5 District Level Information Honorable Steny H. Hoyer (D) National Association of REALTORS Homeownership in 2015 /1 Total Housing Units 280,728 Occupied Housing Units 257,965 Owner Occupied Units 196,590 With Mortgage 157,315 Without Mortgage 39,275 Renter Occupied Units 61,375 Vacant Units 22,763 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% Homeownership Rate 76.2% 66.6% 63.5% District 05 MD U.S. Source: District-level data is as of 2015 (ACS 2015). State and U.S. data are as of 2016Q3 (CPS/HVS surveys). For districts at-large, the annual and quarterly estimates will differ. Median Income, Owner Cost, and Rent in 2015 /2 Median Income Owner Cost or Rent /3 Percent of Median Income All Households $91,820 Owner Occupied Units $105,264 $1,829 21% With Mortgage $110,987 $2,054 22% Without Mortgage $81,190 $628 9% Renter Occupied Units $59,434 $1,511 31% Median Value of Owner Occupied Unit $303,800 Employment in 2015 /4 Civilian Labor Force, 16 yrs and over 413,010 Labor Force Participation Rate 67.6% Number of Unemployed 19,309 28.4% Employment, by Type 3.6% 0.2% 67.8% Private Wage & Salary Government Self-Employed 5.0% 4.8% 4.6% 4.4% 4.2% 4.0% 3.8% Unemployment Rate 4.9% 4.7% 4.3% District 05 MD U.S. Unpaid Source: District-level data is as of 2015 (ACS 2015). State and U.S. data are as of 2016Q3 (BLS). For districts at-large, the annual and quarterly estimates will differ.

HOUSING STATISTICS FOR THE 115TH CONGRESS Maryland District 5 National Association of REALTORS Mortgage Originations in 2015 /5 Home Purchase First-Lien Loans for 1- to 4-Family Properties Number of Loans Percent Change 2013 2014 2015 2013-2014 2014-2015 Conventional 4,690 4,989 5,440 6.4% 9.0% FHA-insured 2,427 1,081 1,828-55.5% 69.1% VA-guaranteed 2,044 649 723-68.2% 11.4% FSA/RHS-guaranteed 826 889 942 7.7% 5.9% All 9,987 7,608 8,932-23.8% 17.4% Median Income of Applicants for Home Purchase First-Lien Loans for 1- to 4-Family Properties Median Income Percent Change 2013 2014 2015 2013-2014 2014-2015 Conventional $102,033 $101,556 $101,739-0.5% 0.2% FHA-insured $73,825 $76,082 $76,007 3.1% -0.1% VA-guaranteed $98,648 $101,728 $98,260 3.1% -3.4% FSA/RHS-guaranteed $64,820 $66,802 $66,823 3.1% 0.0% Median Loan Amount for Home Purchase First-Lien Loans for 1- to 4-Family Properties Median Loan Amount Loan-to-Income Ratio 2013 2014 2015 2013 2014 2015 Conventional $258,101 $269,105 $275,553 2.5 2.6 2.7 FHA-insured $246,750 $256,867 $270,164 3.3 3.4 3.6 VA-guaranteed $344,962 $345,734 $347,172 3.5 3.4 3.5 FSA/RHS-guaranteed $235,043 $229,247 $226,360 3.6 3.4 3.4 Loan Purpose of First-Lien Loans for 1- to 4-Family Properties Number and Distribution of Mortgage Originations By Loan Purpose in 2014 Number and Distribution of Mortgage Originations By Loan Purpose in 2015 7,381, 44% 8,908, 54% 11,595, 52% 10,131, 46% 295, 2% Home Purchase Home Improvement Refinance 401, 2% Home Purchase Home Improvement Refinance

HOUSING STATISTICS FOR THE 115TH CONGRESS Maryland District 5 National Association of REALTORS Home Purchase First-Lien Loans for 1- to 4-Family Properties by Race and Ethnicity /6 Percent Distribution By Race 2013 2014 2015 2013 2015 American Indian/Alaskan Native 38 46 65 0.5% 0.6% Asian 362 329 401 4.3% 4.0% Black or African American 2,666 2,868 3,417 31.7% 34.0% Native Hawaiian/Pacific Islander 32 35 37 0.4% 0.4% White 4,261 4,313 4,813 50.7% 48.0% Information Not Provided 1,040 1,201 1,304 12.4% 13.0% Total 8,399 8,792 10,037 100.0% 100.0% By Ethnicity Hispanic 533 644 840 6.3% 8.4% Non-Hispanic 6,856 6,995 7,919 81.6% 78.9% Information Not Provided 1,010 1,153 1,277 12.0% 12.7% Total 8,399 8,791 10,036 100.0% 100.0% Sources/Notes: /1 Sources: Census Bureau, American Community Survey, 2015, 1-year Estimates, Table DP04; Census Bureau Housing Vacancy Surveys (CPS/HVS). /2 Source: Census Bureau, American Community Survey, 2015, 1-year Estimates. Median income data are from Table B25119, Table S2506, and Table S2507. Owner cost and rent data are from Table DP04 and Table B25088. Median value of owner-occupied units data are from Table DP04. /3 U.S Census Bureau calculates selected monthly owner cost as the sum of payment for mortgages, real estate taxes, various insurance, utilities, fuels, mobile home costs, and condominium fees. Gross rent includes contract rent, utilities, and fuels. /4 Sources: Census Bureau, American Community Survey, 2015, 1-year Estimates, Table DP03; Bureau of Labor Statistics. /5 Source: Federal Financial Insitutions and Examination Council (FFIEC) Home Mortgage Disclosure Act (HMDA) Loan Application Register (LAR) data. NAR converts the HMDA data at the census tract level into congressional district level data using allocation factors generated from the Missouri Census Data Center Mable/Geocorr 12 Geographic Correspondence Engine which allocates the 2010 Census housing units data at the census tract level to the boundaries of the 113th Congressional Districts (CD). Boundaries for the 114th and 115th Congressional Districts are the same as the 113th CD. NAR's use of the 2010 Census housing units in generating the allocation factors is consistent with FFIEC's use of the 2010 American Community Survey 5-year estimates when reporting demographic and social data from 2012-2016. For the next 5-year period, 2017-2021, FFIEC will use the 2015 ACS 5-year Estimates. See https://www.ffiec.gov/press/pr101911_acs.htm. Only financial institutions that meet asset threshold levels are required to submit reports to FFIEC. See https://www.ffiec.gov/hmda/history2.htm. /6 Race and ethnicity of Applicant 1.

Q1:00 Q1:01 Q1:02 Q1:03 Q1:04 Q1:05 Q1:06 Q1:07 Q1:08 Q1:09 Q1:10 Q1:11 Q1:12 Q1:13 Q1:14 Q1:15 Q1:16 Q1:00 Q1:01 Q1:02 Q1:03 Q1:04 Q1:05 Q1:06 Q1:07 Q1:08 Q1:09 Q1:10 Q1:11 Q1:12 Q1:13 Q1:14 Q1:15 Q1:16 HOUSING STATISTICS FOR THE 115TH CONGRESS National Association of Maryland REALTORS State Level Information Honorable Benjamin L. Cardin (D) Honorable Chris Van Hollen (D) Homeownership in 2015 /1 Homeownership Rate as of 2016 Q3 /2 Total Housing Units 2,434,465 MD 66.6 Occupied Housing Units 2,177,934 U.S. 63.5 Owner Occupied Units 1,436,159 With Mortgage 1,061,376 Homeownership Rate ( in%) Without Mortagage 374,783 Renter Occupied Units 741,775 85 MD US Vacant Units 256,531 75 Median Household Income $75,847 For Owner Occupied $96,105 For Renter Occupied $47,670 Median Value of Home $299,800 Selected Monthly Owner Costs /3 Owned With Mortgage $1,909 Owned Without Mortgage $374,783 Unemployment Rate as of 2016 Q3 Renter Occupied (Rent) $1,278 MD 4.3 Homeownership Rate By Race /4 U.S. 4.9 65 55 45 35 Source: Census Bureau. CPS/HVS All races 66.6% Hispanic (ethnicity) 45.3% White Alone 74.6% Black Alone 50.5% Alaskan Native/Amer. Indian 51.1% Asian Alone 68.6% Native Hawaiian/Pacific Is. 71.1% Some Other Race Alone 39.9% Two or More Races 52.6% 12.0 10.0 8.0 6.0 4.0 2.0 0.0 Unemployment Rate MD US Source: Bureau of Labor Statistics /1 Sources of data : ACS 2015 (1-yr) Tables DP04,B25119, B25103, B25090, B25003, S2506, S2507. /2 The U.S. and state quarterly figures are from the Census Bureau's Housing Vacancies and Homeownership survey (CPS/HVS). /3 Selected monthly owner cost is the sum of payment for mortgages, real estate taxes, various insurance, utilities, fuels, mobile home costs, and condominium fees. Gross rent includes contract rent, utilities, and fuels. /4 Not Available (N.A.) because there is no reported race group in that state based on the ACS data.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Q1:00 Q2:01 Q3:02 Q4:03 Q1:05 Q2:06 Q3:07 Q4:08 Q1:10 Q2:11 Q3:12 Q4:13 Q1:15 Q2:16 Q1:00 Q1:01 Q1:02 Q1:03 Q1:04 Q1:05 Q1:06 Q1:07 Q1:08 Q1:09 Q1:10 Q1:11 Q1:12 Q1:13 Q1:14 Q1:15 Q1:16 Thousands HOUSING STATISTICS FOR THE 115TH CONGRESS National Association of Maryland REALTORS Mortgages in Foreclosure as of 2016 Q3 MD 1.85 U.S. 1.55 60 50 40 30 20 10 0 Foreclosure Inventory, End of Quarter 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Percent of Loans in Foreclosure Inventory MD U.S. Source of data: Haver/MBA Source of data: Haver/MBA Home Purchase First-lien Loans for 1- to 4-Family Units by Type of Loan as of 2015 /5 150,000 Conventional Loans 150% 25,000 FHA-Insured Loans 50.0% 100,000 100% 20,000 15,000 40.0% 30.0% 50,000 50% 10,000 5,000 20.0% 10.0% - 0% - 0.0% Number of Loans Source of data: HMDA-LAR Share to Total Loans Number of Loans Source of data: HMDA-LAR Share to Total Loans 8,000 VA-Guaranteed Loans 15.0% 2,500 FSA/RHS Loans 5.0% 6,000 4,000 2,000-10.0% 5.0% 0.0% 2,000 1,500 1,000 500-4.0% 3.0% 2.0% 1.0% 0.0% Number of Loans Share to Total Loans Number of Loans Share to Total Loans Source of data: HMDA-LAR Source of data: HMDA-LAR /5 Source: NAR tabulation of HMDA Loan Application Register (LAR) data. Some data may not be available for the state.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Thousands 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Thousands HOUSING STATISTICS FOR THE 115TH CONGRESS National Association of Maryland REALTORS 140 120 100 80 60 40 20 0 Number of Home Purchase Loans for 1- to 4- Family Units 100% 50% 0% Home Purchase, Refinancing, and Home Improvement Loans for 1- to 4-Family Units Source of data: HMDA-LAR Purchase Refinancing Home Improvement Source of data: HMDA-LAR Home Purchase Loans Originated by Income of Household in 2015 /6 Average Applicant Income and Loan Amount, 2015 Avg. Income Avg. Loan Amount Lower Income Households $56,000 $209,999 Middle Income Households $95,000 $296,179 Higher Income Households $202,000 $414,012 Number of Loans and Percent Distribution by Income Group 2005 % share 2015 % share Lower Income Households 31,104 26% 20,028 35% Middle Income Households 36,675 31% 14,962 26% Higher Income Households 51,209 43% 23,015 40% 140 120 100 80 60 40 20 - Number of Home Purchase Loans or 1- to 4-Family Units By Income Level of Applicant High Income Middle income Low income Source of data: HMDA-LAR /6 Source: NAR tabulation of HMDA Loan Application Register (LAR) data. Low income applicants were defined as those with incomes less than 80 percent of the median family income of the metropolitan statistical area (MSA) where the census tract is located. High income applicants are those with incomes above 120% of the median family income. Middle income applicants are those with incomes from 80% to 120% of the median family income.

Thousands HOUSING STATISTICS FOR THE 115TH CONGRESS National Association of Maryland REALTORS Home Purchase Mortgage Loans Originated in 2015, by Race of Main Applicant /7 150 Number of Home Purchase First-lien Loans for 1- to 4-Family Units By Race 100 50-2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Amer. Indian/Alaska Native Black or African American White Asian Native Hawaiian/Pacific Is. Information not provided Source: HMDA-LAR. For First lien, one -to-four family units, by race of Applicant 1. Number of Loans and Percent Distribution by Race and Ethnicity of Applicant, 2005 vs. 2015 2005 % share 2015 % share Amer. Indian/Alaska Native 457 0.4% 232 0.3% Asian 8,618 6.8% 5501 8.3% Black or African American 27,505 21.8% 11973 18.0% Native Hawaiian/Pacific Is. 599 0.5% 177 0.3% White 75,561 59.8% 40552 61.0% Information not provided 13,546 10.7% 8006 12.0% Total, by race 126,286 100% 66,441 100% Hispanic/Latino 12,029 9.5% 4715 7.1% Not Hispanic/Latino 100,632 79.8% 54024 81.3% Information not provided 13,369 10.6% 7688 11.6% Total, by ethnicity 126,030 100% 66,427 100.0% /7 Race is alone or in combination with other races. Totals for race and ethnicity may not equal. Count excludes "Not applicable" responses.

Criteria Used for Analysis Income: Median Household Income Age: Median Age Population Stats: Total Population Maryland: Congressional District 5 Segmentation: 1st Dominant Segment $92,655 38.0 767,649 Pleasantville Consumer Segmentation Life Mode What are the people like that live in this area? Upscale Avenues Prosperous, married couples in higher-density neighborhoods Urbanization Where do people like this usually live? Suburban Periphery Affluence in the suburbs, married couple-families, longer commutes Top Tapestry Segments Pleasantville Savvy Suburbanites Soccer Moms Enterprising Professionals Home Improvement % of Households 59,444 (22.5%) 37,449 (14.2%) 30,836 (11.7%) 20,954 (7.9%) 13,309 (5.0%) % of Maryland 179,938 (8.0%) 185,669 (8.3%) 83,714 (3.7%) 203,060 (9.1%) 49,207 (2.2%) Lifestyle Group Upscale Avenues Affluent Estates Family Landscapes Upscale Avenues Family Landscapes Urbanization Group Suburban Periphery Suburban Periphery Suburban Periphery Suburban Periphery Suburban Periphery Residence Type Single Family Single Family Single Family Multi-Units; Single Family Single Family Household Type Married Couples Married Couples Married Couples Married Couples Married Couples Average Household Size 2.86 2.83 2.96 2.46 2.86 Median Age 41.9 44.1 36.6 34.8 37 Diversity Index 58.1 33.2 48.3 71.2 63.4 Median Household Income $85,000 $104,000 $84,000 $77,000 $67,000 Median Net Worth $285,000 $502,000 $252,000 $78,000 $162,000 Median Home Value $31,200 $311,000 $226,000 $295,000 $174,000 Homeownership 83.6 % 91 % 85.5 % 52.3 % 80.3 % Employment Education Preferred Activities Professional or Management Some College or College Degree Enjoy outdoor gardening. Go to the beach, theme parks, museums. Professional or Management Professional or Management Professional or Management Professional or Services College Degree College Degree College Degree College Degree Enjoy good food, wine. DIY gardening, home remodeling. Financial Invest conservatively Carry first, second mortgages Media Vehicle Have bundled services (TV/Internet/phone) Own/Lease imported SUV Go jogging, biking, target shooting. Visit theme parks, zoos. Carry high level of debt Gamble; visit museums. Buy trendy clothes online. Own 401(k) through work Shop, bank online Shop, bank online Watch movies, TV on demand; use tablets Prefer late-model SUVs, minivans, station wagons Own 2+ vehicles (minivans, SUVs) Own or lease an imported sedan Eat at Chili's, Chick-fil- A, Panera Bread. Shop warehouse/club, home improvement stores. Invest conservatively Watch DIY Network Own minivan, SUV 1 of 17

Maryland: Congressional District 5 About this segment Pleasantville This is the #1 dominant segment for this area In this area 22.5% of households fall into this segment In the United States 2.2% of households fall into this segment An overview of who makes up this segment across the United States Who We Are Prosperous domesticity best describes the settled denizens of Pleasantville. Situated principally in older housing in suburban areas in the Northeast (especially in New York and New Jersey) and secondarily in the West (especially in California), these slightly older couples move less than any other market. Many couples have already transitioned to empty nesters; many are still home to adult children. Families own older, singlefamily homes and maintain their standard of living with dual incomes. These consumers have higher incomes and home values and much higher net worth. Older homes require upkeep; home improvement and remodeling projects are a priority--preferably done by contractors. Residents spend their spare time participating in a variety of sports or watching movies. They shop online and in a variety of stores, from upscale to discount, and use the Internet largely for financial purposes. Our Neighborhood Suburban periphery of large metropolitan areas, primarily in Middle Atlantic or Pacific states. Most homes owned (and mortgaged). Households composed of older married-couple families, more without children under 18, but many with children over 18 years. Older, single-family homes: two-thirds built before 1970, close to half from 1950 to 1969. One of the lowest percentages of vacant housing units at 4.7%. Suburban households with 1 or 2 vehicles and a longer travel time to work. Socioeconomic Traits Education: 64% college educated, 34% with a bachelor's degree or higher. Low unemployment at 7.8%; higher labor force participation rate at 67%; higher proportion of HHs with 2 or more workers. Many professionals in finance, information/technology or management. Median household income denotes affluence, with income primarily from salaries, but also from investments or Social Security and retirement income. Not cost-conscious, these consumers willing to spend more for quality and brands they like. Prefer fashion that is classic and timeless as opposed to trendy. Use all types of media equally (newspapers, magazines, radio, Internet, TV). Market Profile Prefer imported SUVs, serviced by a gas station or car dealer. Invest in conservative securities and contribute to charities. Work on home improvement and remodeling projects, but also hire contractors. Have bundled services (TV/Internet/phone). Access the Internet via fiber optics or cable modem, on a newer computer, to pay bills, make purchases and track investments. Subscribe to premium channels (HBO, Showtime or Starz) and use video-on-demand to watch TV shows and movies. Enjoy outdoor gardening, going to the beach, visiting theme parks, frequenting museums and attending rock concerts. The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifies U.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. Update Frequency: Annually. 2 of 17

Maryland: Congressional District 5 About this segment Savvy Suburbanites This is the #2 dominant segment for this area In this area 14.2% of households fall into this segment In the United States 3.0% of households fall into this segment An overview of who makes up this segment across the United States Who We Are Savvy Suburbanites residents are well educated, well read and well capitalized. Families include empty nesters and empty nester wannabes, who still have adult children at home. Located in older neighborhoods outside the urban core, their suburban lifestyle includes home remodeling and gardening plus the active pursuit of sports and exercise. They enjoy good food and wine, plus the amenities of the city's cultural events. Our Neighborhood Established neighborhoods (most built between 1970 and 1990) found in the suburban periphery of large metropolitan markets. Married couples with no children or older children; average household size is 2.83. 91% owner occupied; 71% mortgaged. Primarily single-family homes, with a median value of $311,000. Low vacancy rate at 4.5%. Socioeconomic Traits Education: 48.1% college graduates; 76.1% with some college education. Low unemployment at 5.8%; higher labor force participation rate at 68.5% with proportionately more two-worker households at 65.4%. Well-connected consumers that appreciate technology and make liberal use of it for everything from shopping and banking to staying current and communicating. Informed shoppers that do their research prior to purchasing and focus on quality. Market Profile Residents prefer late model, family-oriented vehicles: SUVs, minivans, and station wagons. Gardening and home remodeling are priorities, usually DIY. Riding mowers and power tools are popular, although they also hire contractors for the heavy lifting. There is extensive use of housekeeping and personal care services. Foodies: They like to cook and prefer natural or organic products. These investors are financially active, using a number of resources for informed investing. They are not afraid of debt; many households carry first and second mortgages, plus home equity credit lines. Physically fit, residents actively pursue a number of sports, from skiing to golf, and invest heavily in sports gear and exercise equipment. The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifies U.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. Update Frequency: Annually. 3 of 17

Maryland: Congressional District 5 About this segment Soccer Moms This is the #3 dominant segment for this area In this area 11.7% of households fall into this segment In the United States 2.8% of households fall into this segment An overview of who makes up this segment across the United States Who We Are Soccer Moms is an affluent, familyoriented market with a country flavor. Residents are partial to new housing away from the bustle of the city but close enough to commute to professional job centers. Life in this suburban wilderness offsets the hectic pace of two working parents with growing children. They favor time-saving devices, like banking online or housekeeping services, and familyoriented pursuits. Our Neighborhood Soccer Moms residents prefer the suburban periphery of metropolitan areas. Predominantly single family, homes are in newer neighborhoods, 36% built in the 1990s, 31% built since 2000. Owner-occupied homes have high rate of mortgages at 74%, and low rate vacancy at 5%. Median home value is $226,000. Most households are married couples with children; average household size is 2.96. Most households have 2 or 3 vehicles; long travel time to work including a disproportionate number commuting from a different county Market Profile Most households own at least two vehicles; the most popular types are minivans and SUVs. Family-oriented purchases and activities dominate, like 4+ televisions, movie purchases or rentals, children's apparel and toys, and visits to theme parks or zoos. Outdoor activities and sports are characteristic of life in the suburban periphery, like bicycling, jogging, golfing, boating, and target shooting. Home maintenance services are frequently contracted, but these families also like their gardens and own the tools for minor upkeep, like riding mowers and tillers. Socioeconomic Traits Education: 37.7% college graduates; more than 70% with some college education. Low unemployment at 5.9%; high labor force participation rate at 72%; 2 out of 3 households include 2+ workers. Connected, with a host of wireless devices from ipods to tablets--anything that enables convenience, like banking, paying bills or even shopping online. Well insured and invested in a range of funds, from savings accounts or bonds to stocks. Carry a higher level of debt, including first and second mortgages and auto loans The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifies U.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. Update Frequency: Annually. 4 of 17

Maryland: Congressional District 5 About this segment Enterprising Professionals This is the #4 dominant segment for this area In this area 7.9% of households fall into this segment In the United States 1.4% of households fall into this segment An overview of who makes up this segment across the United States Who We Are Enterprising Professionals residents are well educated and climbing the ladder in STEM (science, technology, engineering and mathematics) occupations. They change jobs often and therefore choose to live in condos, townhomes or apartments; many still rent their homes. The market is fast-growing, located in lower-density neighborhoods of large metro areas. Enterprising Professionals residents are diverse, with Asians making up over onefifth of the population. This young market makes over one and a half times more income than the U.S. median, supplementing their income with high-risk investments. At home, they enjoy the Internet and TV on high-speed connections with premier channels and services. Our Neighborhood Almost half of households are married couples, and 30% are single-person households. Housing is a mixture of suburban single-family homes, row homes, and larger mult-iunit structures. Close to three quarters of the homes were built after 1980; 22% are newer, built after 2000. Renters make up nearly half of all households. Socioeconomic Traits Median household income one and a half times that of the U.S. Over half hold a bachelor's degree or higher. Early adopters of new technology in hopes of impressing peers with new gadgets. Enjoy talking about and giving advice on technology. Half have smartphones and use them for news, accessing search engines and maps. Work long hours in front of a computer. Strive to stay youthful and healthy, eat organic and natural foods, run and do yoga. Buy name brands and trendy clothes online. Market Profile Buy digital books for tablet reading, along with magazines and newspapers. Frequent the dry cleaner. Go on business trips, a major part of work. Watch movies and TV with video-on-demand and HDTV over a high-speed connection. Convenience is key--shop at Amazon.com and pick up drugs at the Target pharmacy. Eat out at The Cheesecake Factory and Chickfil-A; drop by Starbucks for coffee. Leisure activities include gambling, trips to museums and the beach. Have health insurance and a 401(k) through work. The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifies U.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. Update Frequency: Annually. 5 of 17

Maryland: Congressional District 5 About this segment Home Improvement This is the #5 dominant segment for this area In this area 5.0% of households fall into this segment In the United States 1.7% of households fall into this segment An overview of who makes up this segment across the United States Who We Are Married-couple families occupy well over half of these suburban households. Most Home Improvement residences are single-family homes that are owner occupied, with only one-fifth of the households occupied by renters. Education and diversity levels are similar to the U.S. as a whole. These families spend a lot of time on the go and therefore tend to eat out regularly. When at home, weekends are consumed with home improvement and remodeling projects. Our Neighborhood These are low-density suburban neighborhoods. Eight of every 10 homes are traditional singlefamily dwellings, owner occupied. Majority of the homes were built between 1970 and 2000. More than half of the households consist of married-couple families; another 12% include single-parent families. Socioeconomic Traits Higher participation in the labor force and lower unemployment than US levels; most households have 2+ workers. Cautious consumers that do their research before buying, they protect their investments. Typically spend 4-7 hours per week commuting, and, therefore, spend significant amounts on car maintenance (performed at a department store or auto repair chain store). They are paying off student loans and second mortgages on homes. They spend heavily on eating out, at both fastfood and family restaurants. They like to work from home, when possible. Market Profile Enjoy working on home improvement projects and watching DIY networks. Make frequent trips to warehouse/club and home improvement stores in their minivan or SUV. Own a giant screen TV with fiber-optic connection and premium cable; rent DVDs from Redbox or Netflix. Very comfortable with new technology; embrace the convenience of completing tasks on a mobile device. Enjoy dining at Chili's, Chick-fil-A and Panera Bread. Frequently buy children's clothes and toys. The demographic segmentation shown here can help you understand the lifestyles and life stages of consumers in a market. Data provider Esri classifies U.S. residential neighborhoods into 67 unique market segments based on socioeconomic and demographic characteristics. Data Source: Esri 2016. Update Frequency: Annually. 6 of 17

Maryland: Congressional District 5 Maryland: Congressional District 5: Population Comparison Total Population This chart shows the total population in an area, compared with other geographies. 2016 2021 (Projected) Population Density This chart shows the number of people per square mile in an area, compared with other geographies. 2016 2021 (Projected) Population Change Since 2010 This chart shows the percentage change in area's population from 2010 to 2016, compared with other geographies. 2016 2021 (Projected) Average Household Size This chart shows the average household size in an area, compared with other geographies. 2016 2021 (Projected) 7 of 17

Maryland: Congressional District 5 Population Living in Family Households This chart shows the percentage of an area s population that lives in a household with one or more individuals related by birth, marriage or adoption, compared with other geographies. 2016 2021 (Projected) Female / Male Ratio This chart shows the ratio of females to males in an area, compared with other geographies. Women 2016 Men 2016 Women 2021 (Projected) Men 2021 (Projected) 8 of 17

Maryland: Congressional District 5 Maryland: Congressional District 5: Age Comparison Median Age This chart shows the median age in an area, compared with other geographies. 2016 2021 (Projected) Population by Age This chart breaks down the population of an area by age group. 2016 2021 (Projected) 9 of 17

Maryland: Congressional District 5: Marital Status Comparison Married / Unmarried Adults Ratio This chart shows the ratio of married to unmarried adults in an area, compared with other geographies. Married Unmarried Maryland: Congressional District 5 Married This chart shows the number of people in an area who are married, compared with other geographies. Never Married This chart shows the number of people in an area who have never been married, compared with other geographies. Widowed This chart shows the number of people in an area who are widowed, compared with other geographies. Divorced This chart shows the number of people in an area who are divorced, compared with other geographies. 10 of 17

Maryland: Congressional District 5 Maryland: Congressional District 5: Economic Comparison Average Household Income This chart shows the average household income in an area, compared with other geographies. 2016 2021 (Projected) Median Household Income This chart shows the median household income in an area, compared with other geographies. 2016 2021 (Projected) Per Capita Income This chart shows per capita income in an area, compared with other geographies. 2016 2021 (Projected) Average Disposable Income This chart shows the average disposable income in an area, compared with other geographies. 11 of 17

Maryland: Congressional District 5 Unemployment Rate This chart shows the unemployment trend in an area, compared with other geographies. Data Source: Bureau of Labor Statistics via 3DL Update Frequency: Monthly Congressional District 5 Maryland USA Employment Count by Industry This chart shows industries in an area and the number of people employed in each category. Data Source: Bureau of Labor Statistics via Esri, 2016 12 of 17

Maryland: Congressional District 5 Maryland: Congressional District 5: Education Comparison Less than 9th Grade This chart shows the percentage of people in an area who have less than a ninth grade education, compared with other geographies. Some High School This chart shows the percentage of people in an area whose highest educational achievement is some high school, without graduating or passing a high school GED test, compared with other geographies. High School GED This chart shows the percentage of people in an area whose highest educational achievement is passing a high school GED test, compared with other geographies. High School Graduate This chart shows the percentage of people in an area whose highest educational achievement is high school, compared with other geographies. Some College This chart shows the percentage of people in an area whose highest educational achievement is some college, without receiving a degree, compared with other geographies. 13 of 17

Maryland: Congressional District 5 Associate Degree This chart shows the percentage of people in an area whose highest educational achievement is an associate degree, compared with other geographies. Bachelor's Degree This chart shows the percentage of people in an area whose highest educational achievement is a bachelor's degree, compared with other geographies. Grad/Professional Degree This chart shows the percentage of people in an area whose highest educational achievement is a graduate or professional degree, compared with other geographies. 14 of 17

Maryland: Congressional District 5: Home Value Comparison Median Estimated Home Value This chart displays property estimates for an area and a subject property, where one has been selected. Estimated home values are generated by a valuation model and are not formal appraisals. Data Source: Valuation calculations based on public records and MLS sources where licensed Update Frequency: Monthly Maryland: Congressional District 5 12-Month Change in Median Estimated Home Value This chart shows the 12-month change in the estimated value of all homes in this area, the county and the state. Estimated home values are generated by a valuation model and are not formal appraisals. Data Source: Valuation calculations based on public records and MLS sources where licensed Update Frequency: Monthly 15 of 17

Maryland: Congressional District 5 Best Retail Businesses This chart shows the types of businesses that consumers are leaving an area to find. The business types represented by blue bars are relatively scarce in the area, so consumers go elsewhere to have their needs met. The orange business types are relatively plentiful in the area, meaning there are existing competitors for the dollars that consumers spend in these categories. Data Source: Retail Marketplace via Esri, 2016 Indexed Values From -100 to 100 16 of 17

Maryland: Congressional District 5 About Our Data RPR compiles the data in this report from a variety of sources: Census data from the U.S. Census American Community Survey, provided by data partner 3DL Demographic data known as Tapestry Segmentation, provided by data partner Esri. Tapestry classifies U.S. residential neighborhoods into unique market segments based on socioeconomic and demographic characteristics. Valuation calculations are based on public records and MLS sources where licensed Retail Marketplace data shown in the Best Businesses analysis is provided by data partner Esri. This analysis compares supply and demand for specific retail products. The results are presented as the gap between the two in a location. Most data types in this report are refreshed on an annual basis. The U.S. Census source dates are shown with each chart. The Esri Tapestry Segment data is 2016. The home valuation information is refreshed monthly. About RPR Realtors Property Resource is a wholly owned subsidiary of the National Association of REALTORS provided exclusively to its members. This report has been provided to you as a public service by a member of NAR. What is RPR? Comprehensive data, powerful analytics and dynamic reports for members of the National Association of REALTORS 100% Owned by REALTORS Created by NAR for the sole purpose of providing REALTORS with the data they need to meet the demands of their clients. Learn More For more information about RPR and our programming, please visit our public website: http://blog.narrpr.com 17 of 17