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  2. Detroit's owner-occupied housing rates rebound in 2023, new ...

    www.aol.com/detroits-owner-occupied-housing...

    More: 'Detroit is a vibrant and growing city again'; population grows for first time since 1957. In Michigan, the owner-occupied housing rate grew slightly from 73.2% in 2022 to 73.7% in 2023, the ...

  3. Owner-occupancy - Wikipedia

    en.wikipedia.org/wiki/Owner-occupancy

    t. e. Owner-occupancy or home-ownership is a form of housing tenure in which a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. [1] The home can be a house, such as a single-family house, an apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also ...

  4. Homeownership in the United States - Wikipedia

    en.wikipedia.org/wiki/Homeownership_in_the...

    The homeownership rate in the United States [1][2] is the percentage of homes that are owned by their occupants. [3] In 2009, it remained similar to that in some other post-industrial nations [4] with 67.4% of all occupied housing units being occupied by the unit's owner. Homeownership rates vary depending on demographic characteristics of ...

  5. Home mortgage interest deduction - Wikipedia

    en.wikipedia.org/wiki/Home_mortgage_interest...

    A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income [1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices. [2][3]

  6. Home purchases getting canceled at a record rate - AOL

    www.aol.com/finance/american-home-purchases...

    You can invest in portfolios of these owner-occupied homes and effortlessly gain access to the $20 trillion home equity market that spans multiple top U.S. cities.

  7. What is a reverse mortgage? How it works, who it’s best for ...

    www.aol.com/finance/what-is-a-reverse-mortgage...

    The loan only becomes due after a “triggering event” — most typically when you die, move out or sell your home. ... Current interest rates. The Home Equity Conversion Mortgage (HECM) limit ...

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