Homeownership

Local News
10:07 pm
Tue January 7, 2014

Insurers Propose 17 Percent Premium Hike For Charlotte Homeowners

Homeowners in Charlotte would see their insurance premiums rise by about 17 percent under the proposal insurance companies filed Friday—less than the 25 percent statewide average increase, according to a breakdown released today by the North Carolina Department of Insurance.

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Local News
4:08 pm
Fri January 11, 2013

Charlotte: A City Of Mortgage-Debtors

Only 20 percent of Charlotte homeowners have paid off their mortgages completely, compared to a national average of 29 percent.

More homeowners in Charlotte have mortgage debt than in most other major metro areas around the country.  Are we just prone to big spending, or is something else at play in the housing market here?  

Almost 21 million Americans – nearly a third of the nation's homeowners – own their homes outright.

In Charlotte, the percentage is much lower – just 20 percent.  New York City outdoes us with 30 percent of its homeowners free and clear. In Tampa it's 33.2 percent and Pittsburgh – a whopping 38 percent of homeowners have completely paid off the mortgage.

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