1. the state or condition of owning a house or residential property
Usage: uncountable noun; commonly used in economic and social contexts

Examples

• Homeownership is often considered a key part of the American dream.
• The government offers tax benefits to encourage homeownership.
• Rising mortgage rates have made homeownership less affordable for young families.
• Homeownership comes with both financial rewards and maintenance responsibilities.
• Many people save for years to achieve homeownership.
• The rate of homeownership varies significantly by region and income level.