June 6, 2011
Will Boomers and 20-somethings Carry Housing Recovery?
San Diego Union-Tribune
By Lily Leung
Baby boomers looking to downsize and young adults who can afford to finally move out will be key drivers of the residential recovery, says Harvard University's state of the nation's housing report, released Monday.
...Gary Painter, director of research at University of Southern California's Lusk Center for Real Estate, told the Union-Tribune last week it will take two years before people buy again. Meanwhile, the rental market will be the first to pick up.