21 Million Americans have Paid-Off Mortgages
Written by Emil Fleysher | January 23, 2013 | Foreclosure
According to a Zillow analysis, about 21 million Americans (or 29.3 percent of homeowners) own homes unencumbered by mortgages. Out of these, the largest group composed of 65-74 year olds makes up about 20 percent. Also, Zillow found 34.5 percent of 20-24 year olds are also own their homes outright. Only 28 percent of homeowners in the Miami-Fort Lauderdale area are debt-free compared to 33 percent in Tampa.
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