Insight
Over 40% of American homeowners are mortgage-free, a record high. The greatest concentration is in the South and Midwest, while fast-growing cities have the fewest.
Mortgage-Free America? Why Homes Today are Equity Rich and What It Means For Investors
Summary
This article discusses the increasing number of mortgage-free homeowners in the U.S. and its potential impact on the housing market and real estate investing. Hosts can consider leveraging their home equity via various strategies, like short-term rentals, and flippers may find opportunities in a market with fewer motivated sellers.
Key takeaway