U.S. Home Prices May Be Lost for a Generation: John F. Wasik - Bloomberg.com: "Although we may not be headed for a 1930s-style Depression, there’s plenty of evidence to suggest that boomers are dumping their four- and five-bedroom suburban homes for two- and three- bedroom condominiums."
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This is a commentary piece that points to several reasons why home prices won't bounce back anytime soon. This "for a generation" stuff goes a bit far, I'd say. That may be true of the markets that had the greatest housing price inflation, but much of the country could see a gradual resurgence in demand.
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