Aging boomers, rich millennials rise of Seattle homeowners

If you’re among the thousands struggling with the high cost of housing in Seattle, here’s a statistic that might make you wince. Census data show that in 2016, more than one in four Seattle homeowners owned their home outright, free from any mortgage debt. This lucky segment of Seattle households has grown at a remarkably fast pace. There were about 31,000 owner-occupied households with no mortgage in 2010. By 2016, the most recent data available, the number had jumped to almost 42,000, which pencils out to a 36 percent increase.

READ MORE

Source: The Seattle Times