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Q: US outright homeownership ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: US outright homeownership
Category: Miscellaneous
Asked by: khss-ga
List Price: $25.00
Posted: 03 Feb 2005 05:47 PST
Expires: 05 Mar 2005 05:47 PST
Question ID: 468043
What percentage of US homeowners own their homes outright, meaning
they do not have a mortgage?
Answer  
Subject: Re: US outright homeownership
Answered By: bobbie7-ga on 03 Feb 2005 07:06 PST
Rated:5 out of 5 stars
 
Hello khss,


According to the National Center for Policy Analysis, some 40 percent
of homeowners have no mortgage on their homes, and thus have no
mortgage interest to deduct.
http://www.ncpa.org/ba/ba195.html


================================================


?About 40 percent of homeowners have no mortgage on their homes.?

Source: National Center for Policy Analysis 
http://www.ncpa.org/bg/bg139.html


================================================


From Dallas News:

?An impressive 38 percent of all homeowners have no mortgage debt. 
Thirty-eight percent of all homeowners own their houses free and
clear. The other 62 percent are carrying all the debt--- and some of
those owe a lot less than others.?
http://www.dallasnews.com/s/dws/bus/scottburns/columns/archives/2001/010812SU.htm


================================================


?According to government figures, nearly 40 percent of all homes are
debt free. The South, at 42.1 percent, has the highest amount of
debt-free homeownership. The West has the lowest amount, 31 percent.?
http://www.christinawhipple.com/index.php?option=com_content&task=view&id=48&Itemid=47&lang=


================================================

According to the U.S. Census Bureau 2003 National Data Chart for Total
Occupied Housing Units: 
http://www.census.gov/hhes/www/housing/ahs/03dtchrt/ahs03.html

There are 72,238,000 owner occupied housing units.
http://www.census.gov/hhes/www/housing/ahs/03dtchrt/tab2-1.html

Of these, 25,020,000 do not have mortgages, they are owned free and clear.
http://www.census.gov/hhes/www/housing/ahs/03dtchrt/tab3-15.html

Using the above data, 34.7% of U.S. owner occupied housing units do
not have a mortgage.


================================================


Additional information that might interest you:


?Seventy-six percent of older homeowners own their homes free and clear.?

? American Housing Survey for the United States, U.S. Census Bureau,
published in 2000. Plus Housing Characteristics: 2000, from U.S.
Census Bureau, published October 2001.
http://www.suddenlysenior.com/maturemarketstats2002.html



Search criteria:
U.S. Census Bureau Housing 
American Housing Survey


I hope you find this information helpful!


Best regards,
Bobbie7
khss-ga rated this answer:5 out of 5 stars and gave an additional tip of: $5.00
clear and fast answer.  linking sources helps alot.

Comments  
Subject: Re: US outright homeownership
From: bobbie7-ga on 03 Feb 2005 08:23 PST
 
Thank you for the five stars and nice tip!
--Bobbie7

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