California’s Homeownership Delay | Los Angeles News

California’s housing crisis is hitting young adults hard—most don’t buy their first home until age 47, nearly a decade later than the national average. Skyrocketing prices, stubborn mortgage rates, scarce new construction, and stagnant wages are forcing Gen Z and millennials to get creative: moving back home, buying in groups, or relying on family help. The fallout? A brain drain as people flee the state, and missed chances to build generational wealth that shapes life decisions like marriage and retirement. Enter Proposition 37, a $25 billion down payment aid plan that could unlock homeownership for middle-income buyers—if voters say yes. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3958be9223d03f12 Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Los Angeles News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews