U.S. Homes Owned Mortgage-Free Increases to an All-Time High
MPA, Nov. 27, 2023-Jonalyn Cueto
New data from the US Census Bureau shows that the share of US homes that are owned outright increased by 5% between 2012 and 2022. This means almost 40% of Americans now own their homes, up from 34% in 2013, after Baby Boomers paid off their mortgages.
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