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WordNet-Online
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Definitions from the WebHomeownershipDefinitionHomeownership refers to the state or condition of owning a home. It is the act of possessing and occupying a residential property, typically as a result of purchasing or acquiring it through legal means. Senses and Usages1. Noun: Ownership of a HomeHomeownership as a noun refers to the legal right and act of possessing and occupying a home that is owned by an individual or a household. Example sentence: The dream of homeownership is a common aspiration for many people. 2. Noun: Social and Economic StatusHomeownership can also refer to the social and economic status of individuals or households who own a home, often seen as a symbol of stability and financial well-being. Example sentence: Homeownership rates have been steadily increasing in the country, reflecting a positive economic trend. 3. Noun: The Housing IndustryHomeownership in this sense refers to the collective activities, markets, and professionals involved in the buying, selling, financing, and maintenance of residential properties. Example sentence: The homeownership sector plays a significant role in the overall economy, contributing to employment and GDP growth. Related Products on AmazonTo explore more about homeownership, you can check out the following related products on Amazon: | ||||
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