What change occurred in mortgage-financed ownership between 2001 and 2011?

The correct answer indicates a decrease in mortgage-financed ownership between 2001 and 2011 by 749,000. This decline reflects significant shifts in the housing market during that period, largely influenced by factors such as the subprime mortgage crisis, which began around 2007-2008. The crisis led to tighter lending standards, foreclosures, and a general loss of confidence in the housing market, contributing to a reduction in the number of individuals and families able to secure mortgage financing for home purchases.

It is important to note that during this decade, many homeowners faced financial challenges, leading to an increase in short sales and foreclosures, which further diminished mortgage-financed ownership. Additionally, the economic recession that unfolded during this time period led to a higher unemployment rate and reduced consumer spending power, pushing many potential homebuyers out of the market for an extended time. These overarching economic conditions resulted in the observed decline in mortgage-financed ownership as compared to earlier years.