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Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash

2 Min Read | 💸 Cash is King: Why More Homeowners Are Buying Outright + 🏠 Unlocking the Power of Your Equity + 📅 Local Happenings You’ll Enjoy

Author

Brandon Lecocq
September 26, 2025

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"Budgeting has only one rule: Do not go over budget.” - Leslie Tayne

Hey Everyone,

Welcome to this week’s edition of The Ridgeline Rundown!

This week we’re diving into a powerful trend: homeowners downsizing without taking on debt. Imagine selling your current home, buying your next place in cash, and stepping into retirement (or your next chapter) mortgage-free. It’s not just a dream—it’s happening more than ever.

If you’ve been wondering how to turn your equity into real buying power, this edition will show you what’s possible.

As always, I’m here to guide you with honest advice, real strategies, and a personalized approach that makes a difference. Have questions? Let’s chat and build a plan that works for you.

Table of Contents

Mortgage Minute

Thursday brought the week’s first major economic reports, pushing mortgage rates higher. Stronger data typically hurts rates, and today was no exception. Q2 GDP was revised up from 3.3% to 3.8%, jobless claims came in much lower than expected, and durable goods orders showed stronger demand.

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Homes for sale: 851 Hoosier Dr, Colorado Springs, CO 80916 (MLS #: 8000391) has 4 bedrooms, 2 bathrooms, 1,563 sqft, and is listed for $391,900.

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The Insider’s Guide to Real Estate | Tips

Downsizing Without Debt: How More Homeowners Are Buying Their Next House in Cash

If you’ve been thinking about downsizing to lower your expenses, be closer to family, or just make life easier, here's a trend worth paying attention to:

More homeowners are buying their next house outright, without taking on a new mortgage. And, if you’ve owned your home for a while, you may be able to do the same. No mortgage. No monthly housing payments.

A Record Share of Homeowners Are Mortgage-Free

According to analysis from ResiClub of Census data, more than 40% of U.S. owner-occupied homes are mortgage-free – an all-time high for this data series. That means 4 in 10 homeowners own their homes free and clear (see graph below):

Colorado Springs Social Scene

Halloween events and fall festivals in and around Colorado Springs

Could this be the next big outdoor destination in Woodland Park?

Acacia Park Sunday Market

Military News and Updates

A look into the Purple Heart Exhibit ahead of Veterans Week in Colorado Springs

Thinking of Selling?

Click here for a FREE home evaluation and a comparative market analysis. Let's find out what your home is worth in this market!

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Feel free to reach out with any real estate questions—I’m here to help, no matter the state!

Referrals are the biggest compliment, so send anyone my way. Until next time!

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