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 ?
Greater home-ownership is key to the Vision 2030 plan of diversifying the economy away from oil production.
It said that between the 1990s and early 2000s, home-ownership rates for 30-year-olds with parental property wealth were twice those of young people whose parent did not own a home.
Home-ownership is an exclusive club in America, one that is aging, wealthy and still largely white.
Middle-income families with children are now more similar to low-income families than they were 20 years ago, and increasingly unlike higher-income families, in terms of their sources of income and their home-ownership rates, the report
We launch today a milestone partnership, significant in that it supports the public service as a caring employer as we seek to increase home-ownership across our ranks.
Together, the organisations aim to gain further knowledge in the housing finance market, understand which low-cost home-ownership products are right for the market and identify new ways to develop and deliver potential products.
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?" was conducted by academics Andrew Oswald and David Blanchflower.
How did suburban-style home-ownership come to be seen as an American dream, Margaret Garb asks in this thoughtful, well-written, and important study of Chicagoans' ideas about housing at the turn 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.
The survey shows that more people have snapped up their council homes under the Right To Buy Legislation - 37 per cent against just 26 per cent in England Ian Smith of the Monmouthshire Building Society, who is chairman of CML Cymru, said: ``Policymakers in Wales need to wake up to the importance of home-ownership. ``But this report shows that it is home-ownership which is delivering the majority of housing solutions in Wales.''
Andrew Hood, a senior research economist at the IFS and an author of the report, said: "Home-ownership among young adults has collapsed over the past 20 years, particularly for those on middle incomes - for that group, their chances of owning their own home have fallen from two in three in the mid-1990s to just one in four today.