Homeownership Dreams Under Forty | Phoenix News

Homeownership dreams for under-40s are hitting major roadblocks—down payments have soared from $17K to $23K since 2019, leaving 70% of young renters saying “no thanks, I’m good renting.” The affordability gap varies wildly by location: Santa Barbara demands nearly 10x income, Bakersfield still needs 6x, while Scottsdale and Northeast Valley hit 8x. Southeast Valley offers some relief (4.4x in Mesa to 5.9x in Queen Creek), and Surprise in the West Valley leads with just over 4x income needed—proving even within one region, the climb to home ownership looks very different. 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/1c6e08af2245925e