Population

Local News
9:44 am
Fri February 15, 2013

Charlotte In 2053: Long Island, New York?

What will Charlotte look like in 40 years? A couple of pages found tucked in the middle of a routine City Council report reveal some interesting things about the city’s future.

Staff prepared the report to answer questions from City Council transportation committee members about employment and population in the Charlotte area.

Here are the highlights:

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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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