Home Must Reads One in five Portland homeowners mortgage-free

One in five Portland homeowners mortgage-free

| Print |  Email
Must Reads
Friday, January 11, 2013

More than one in five Portland-area houses are owned without an outstanding mortgage.

According to the real estate website Zillow, which analyzed data from credit reporter TransUnion, the free-and-clear homeownership rate in the Portland metro is 21.8 percent. Nationally, it's 29.3 percent.

Homeowners age 65 to 74 are most likely to own their homes outright. They have typically paid down -- and eventually paid off -- their mortgage over a long period of time. Curiously, 34.5 percent of 20- to 24-year-old homeowners were also mortgage-free.

Read more at OregonLive.com.

{biztweet}portland mortgage{/biztweet}

 

More Articles

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Fast Food Slows Down

September 2014
Tuesday, August 26, 2014
BY KIM MOORE

The ubiquitous fast-food restaurant may be on the decline.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS