Hyojung Lee

Hyojung Lee, Assistant Professor

Hyojung Lee, Assistant Professor
Hyojung Lee, Assistant Professor

Department of Apparel, Housing, and Resource Management
252 Wallace Hal, 295 W Campus Drive, Blacksburg, VA 24061
540-231-8520 | hyojunglee@vt.edu

Hyojung Lee is an assistant professor of housing and property management in the Department of Apparel, Housing, and Resource Management at Virginia Tech and a research fellow at the Joint Center for Housing Studies of Harvard University.  His research has focused on the impacts of demographic change on housing markets, the consequences of neighborhood change for urban policy, and the jointness of mobility, residential location, and housing tenure choice.  His work has been published in journals including Cityscape, Housing Policy Debate, Journal of Economic and Social Measurement, Journal of Housing Economics, Journal of Regional Science, Regional Science and Urban Economics, and Urban Affairs Review.  Prior to joining the department, he was a postdoctoral fellow at the Joint Center for Housing Studies of Harvard University. Hyojung received a Ph.D. in urban pPlanning and development and a Master of Planning from the University of Southern California and a Bachelor of Science and a Master of Science in civil and environmental engineering from Seoul National University. 

  • Residential location and housing tenure choices of young adults
  • Aging population and their housing needs
  • Gentrification and neighborhood change
  • Geography of conspicuous and inconspicuous consumption
  • Impact of the Community Reinvestment Act
  • Ph.D., Urban Planning and Development, University of Southern California, 2017
  • M.Pl., Urban Planning, University of Southern California, 2012
  • M.S., Civil and Environmental Engineering, Seoul National University, 2010
  • B.S., Civil, Urban and Geosystem Engineering, Seoul National University, 2008
  • Member, Association of Collegiate Schools of Planning
  • Member, American Real Estate and Urban Economics Association
  • Member, Urban Affairs Association
  • Member, Western Regional Science Association
  • Treasurer, Korean American Real Estate Society

Journal Articles

“Cohort Insights into Recovery of Millennial Homeownership after the Great Recession,” Journal of Housing Economics (2019): 1–17 (co-authored with Dowell Myers and Patrick Simmons).

“Simulating the Change in Young Adult Homeownership Through 2035: Effects of Growing Diversity and Rising Educational Attainment,” Housing Policy Debate 29, no. 1 (2019): 126–142 (co-authored with Dowell Myers, Gary D. Painter, Julie Zissimopoulos, and Johanna Thunell).

“Veblen Goods and Urban Distinction: The Economic Geography of Conspicuous Consumption,” Journal of Regional Science 59, no. 1 (2019): 83–117 (co-authored with Elizabeth Currid-Halkett and Gary D. Painter).

“The Role of Parental Financial Assistance in the Transition to Homeownership by Young Adults,” Journal of Housing Economics (2018): 1–9 (coauthored with Dowell Myers, Gary D. Painter, Julie Zissimopoulos, and Johanna Thunell).

“Are Millennials Coming to Town? The Determinants of Location Choice of Young Adults,” Urban Affairs Review (2018): 1–40.

“Small Business Lending under the Community Reinvestment Act,” Cityscape: A Journal of Policy Development and Research 19, no. 2 (2017): 63–84 (co-authored with Raphael W. Bostic).

“Age, Demographics, and the Demand for Housing, Revisited,” Regional Science and Urban Economics 61 (2016): 86–98 (co-authored with Richard K. Green).

“Cohort Momentum and Future Homeownership: The Outlook to 2050,” Cityscape: A Journal of Policy Development and Research 18, no. 1 (2016): 131–143 (co-authored with Dowell Myers).

“Consumption Inequality in the Great Recession,” Journal of Economic and Social Measurement41, no. 2 (2016): 145–166 (co-authored with Gary D. Painter).

Book Chapters

“Demographic Change and Future Urban Development” in George W. McCarthy, Gregory K. Ingram, and Samuel Moody, eds., Land and the City (Cambridge, MA: Lincoln Institute of Land Policy), 11–58 (co-authored by Dowell Myers).

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