NEWS
GOOD PEOPLE
HISTORY
LIFE HACKS
THE PLANET
SCIENCE & TECH
POLITICS
WHOLESOME
WORK & MONEY
Contact Us Privacy Policy
© GOOD Worldwide Inc. All Rights Reserved.

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

Simply put: Homeowners over age 55 want to sell and downsize, and fewer 30- to 45-year-olds want to buy.


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.

More Stories on Good