Home Ownership

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Home Ownership

The state of owning one's primary residence. Homeownership gives the owner a stake in his/her neighborhood or town's long-term stability, and is a significant investment. The U.S. federal government thus attempts to encourage homeownership by allowing owners to deduct the interest on their mortgages from their taxable income.
References in periodicals archive ?
HOME-OWNERSHIP in England has fallen to its lowest level in 29 years, with 63% of households now classed as owner-occupiers, according to the English Housing Survey data.
The research entitled, "Does High Home-Ownership Impair the Labor Market?
In a well-written and meticulously researched account of how the occupation of selling homes became realtors[R], Hornstein connects the study of a profession to the rise of the American ideology of home-ownership as a marker of social well-being and success in the first half of the twentieth century.
And with home-ownership rates for whites in the 70% bracket and African Americans and Latinos lagging just below the 50% mark, Wade believes that minorities are underserved and says he wants to contribute to closing the gap.
Recently, CHLDC secured mortgage commitments for seventy-five low and moderate income, first-time home-buyers and rehabilitated seven small vacant and partially occupied homes into affordable home-ownership opportunities.
RPS Solutions seeks to work in conjunction with Baltimore area residents to raise the current city home-ownership rate of 67.
Even among 35-year-olds, the rate of home-ownership for those born in the mid-1970s was 10% lower than for those born a decade earlier.
The Realtor-mayor programs include home-ownership assistance for low- to moderate-income buyers, low-income unit construction or rehabilitation, the development of trust funds or revolving-loan funds for home-ownership assistance and counseling services for home buyers.