In addition to the data looking backward, there are also significant changes ahead which will impact home prices in Columbia. Because of the BRAC (Base Realignment and Closure) which is occurring at Ft. Meade and the surrounding areas, which is just East of Howard County, there will be thousands of new jobs created within close commuting distance to Columbia. Many of the jobs and pay grades expected to come to the area align well with the prices of current housing stock in Columbia. Additionally, Columbia is halfway between Baltimore and Washington, and the Baltimore Washington Corridor has an economy which is less cyclical, and is projected to grow at a healthy rate. While there may be some continued price declines (understanding that the area is relatively expensive already) the factors listed above will likely serve to mitigate such a drastic decrease in prices.