Tag Archives: Nearly One-Third of Home Owners Are Mortgage-Free

Twenty-one million Americans — or nearly 30 percent of home owners — are mortgage-free, according to data from the third quarter of 2012. Despite the slump in the housing market the last five years, the number of home owners without a mortgage is about the same as it was in 2000, according to a report released by Zillow. Housing markets with the highest rate of home owners who own their homes outright were found in New York, Cleveland, and Miami. Markets with a higher median age and lower median home […]