March 9, 2008
A recent San Francisco Chronicle story featured research, led by Prof. Dowell Myers, regarding the potential impact of baby boomers on the housing market. Myers and USC doctoral student Sung Ryu co-authored a study warning of a "generational housing bubble" that could burst as baby boomers - who have held up housing prices since 1970 - begin to retire. "The Baby Boom generation was born over a period of 18 years, and once its sell-off commences, it could dominate the housing market for up to two decades," the researchers wrote.
A recent San Francisco Chronicle story featured research, led by Prof. Dowell Myers, regarding the potential impact of baby boomers on the housing market. Myers and USC doctoral student Sung Ryu co-authored a study warning of a "generational housing bubble" that could burst as baby boomers - who have held up housing prices since 1970 - begin to retire. "The Baby Boom generation was born over a period of 18 years, and once its sell-off commences, it could dominate the housing market for up to two decades," the researchers wrote.