homeownership

American  

[hohm-ohn-er-ship] / ˈhoʊmˌoʊn ərˌʃɪp /

noun

1. the state or fact of owning a house, especially the house one lives in.

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Example Sentences

Price: Our parents’ generation was laser-focused on homeownership.

From MarketWatch

Homeownership costs vary widely based on location, property tax, HOA fees, maintenance, insurance, and the prevailing interest rates, which are still too high for many would-be buyers.

From MarketWatch

Meanwhile, the homeownership rate of those born since the 1990s is well below that of earlier generations, due to the relative difficulty they have faced in getting on the housing ladder.

From BBC

Last year, the Biden administration announced a Housing Supply Action Plan that gives a leg up in federal housing grants to states and other jurisdictions that adopt zoning and land-use policies that make affordable rents and attainable homeownership a priority.

From Seattle Times

In New York, lawmakers are confronting the legacy of single-family zoning, which has restricted what kind of homes can be built in many American suburbs and cities since World War II, limiting supply, contributing to sprawl and excluding many potential buyers from homeownership.

From Seattle Times