Solved: Why the Housing Market Is Weak (Unresolved: How to Fix It) Solved: Why the Housing Market Is Weak (Unresolved: How to Fix It)
Communities

Solved: Why the Housing Market Is Weak (Unresolved: How to Fix It)

by Allison Arieff

September 30, 2010
So it's changing demographics—and not those seemingly endless foreclosures—that are keeping suburban housing markets weak. William Lucy, an urban and environmental planning professor, found that the path to a housing market rebound doesn't lie in new construction, but in rethinking housing needs based on changing demographics. Simply put: Homeowners over age 55 want to sell and downsize, and fewer 30- to 45-year-olds want to buy. Fixing this problem, however, will be far more difficult than identifying it. 

Photo (cc) by Flickr user delbz.

+
Join the discussion
Recently on GOOD
The
Daily
GOOD
Sign up to receive the best of GOOD delivered to your inbox each and every weekday
Ten years after Hurricane Katrina, examining the lessons we have not learned. http://t.co/jwBrnvHJPY http://t.co/LYqruIlCyl
Solved: Why the Housing Market Is Weak (Unresolved: How to Fix It)