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Almost 40% of U.S. Households Are Mortgage-free

Thursday, Jul 25 2019
Lending
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Roughly 37% of American households no longer have a home mortgage to pay, a Zillow data analysis has found. So reports Bloomberg.

The share of U.S. households that are “free and clear” has grown by 5.5 percentage points over the past 10 years, according to Zillow.

Along with a stronger economic backdrop, other factors behind the increase include shifting demographics. As more young Americans wait to buy a home, a bigger percentage of U.S. homeowners are older, so they have had longer to pay off their loans.

Read the full article from Bloomberg.

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