{"id":278818,"date":"2026-06-26T11:56:46","date_gmt":"2026-06-26T11:56:46","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/278818\/"},"modified":"2026-06-26T11:56:46","modified_gmt":"2026-06-26T11:56:46","slug":"news-12-bronx-younger-americans-facing-growing-challenges-to-afford-a-home","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/278818\/","title":{"rendered":"News 12 | Bronx | Younger Americans Facing Growing Challenges To Afford A Home"},"content":{"rendered":"<p data-rich-text-paragraph=\"true\">A new study shows it\u2019s getting harder for younger Americans to buy a home.<\/p>\n<p data-rich-text-paragraph=\"true\">A Pew Research report finds people under 40 are facing more challenges compared to previous generations.<\/p>\n<p data-rich-text-paragraph=\"true\">According to the data, home prices increased sharply in recent years.<\/p>\n<p data-rich-text-paragraph=\"true\">Median home values rose 30% between 2019 and 2024.<\/p>\n<p data-rich-text-paragraph=\"true\">During that same time, household incomes for young adults only grew about 9%.<\/p>\n<p data-rich-text-paragraph=\"true\">Mortgage rates also jumped, rising from about 3.9% to 6.7%.<\/p>\n<p data-rich-text-paragraph=\"true\">The gap between rising costs and slower income growth is making it harder to afford a home.<\/p>\n<p data-rich-text-paragraph=\"true\">Researchers say saving for a down payment remains a major hurdle.<\/p>\n<p data-rich-text-paragraph=\"true\">Two years ago, about 7 in 10 renters under 40 said that coming up with a down payment was their biggest challenge.<\/p>\n<p data-rich-text-paragraph=\"true\">Experts say these trends are making homeownership less attainable for many younger buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"A new study shows it\u2019s getting harder for younger Americans to buy a home. A Pew Research report&hellip;\n","protected":false},"author":2,"featured_media":278815,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-278818","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/278818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=278818"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/278818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/278815"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=278818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=278818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=278818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}