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

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

Maga-
zines need love too!
Why the president of Venezuela should learn to take a joke. http://t.co/GmPLMvfY6w http://t.co/A88hYIZhc1
Solved: Why the Housing Market Is Weak (Unresolved: How to Fix It)