The primary reasons for purchasing a home in the United States in 2024 varied among home buyers. Approximately one in four homebuyers bought a home because they desired to have their own home. Having one's own home was mainly considered by millennial buyers during their home buying process.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q1 2025 about disposable, payments, personal income, debt, percent, households, personal, income, services, and USA.

Federal Housing Administration Insured Single Family Properties In Force This National Geospatial Data Asset (NGDA) dataset, shared as a Department of Housing and Urban Development (HUD) feature layer, displays the outstanding balance of all active mortgage loans aggregated to the 2010 U.S. Census Tract geography. Per HUD, “The Federal Housing Administration, generally known as FHA, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world.” Census Tracts 4074.04 (Delware County, PA) & 7027 (Burlington County, NJ) Data currency: current federal service (FHA Insurance in Force by Tract)NGDAID: 124 (FHA Insured Single Family Properties In Force by Census Tract - National Geospatial Data Asset (NGDA))OGC API Features Link: Not AvailableFor more information, please visit: The Federal Housing Administration (FHA); FHA Single FamilySupport documentation: FHA Insurance in Force by Tract (Metadata)For feedback please contact: Esri_US_Federal_Data@esri.com NGDA Data Set This data set is part of the NGDA Real Property Theme Community. Per the Federal Geospatial Data Committee (FGDC), Real Property is defined as "the spatial representation (location) of real property entities, typically consisting of one or more of the following: unimproved land, a building, a structure, site improvements and the underlying land. Complex real property entities (that is "facilities") are used for a broad spectrum of functions or missions. This theme focuses on spatial representation of real property assets only and does not seek to describe special purpose functions of real property such as those found in the Cultural Resources, Transportation, or Utilities themes." For other NGDA Content: Esri Federal Datasets

Security Services for Smart Homes Market Outlook

The global market size for security services for smart homes was valued at USD 12.5 billion in 2023 and is projected to reach USD 45.8 billion by 2032, growing at a CAGR of 15.5% during the forecast period. This remarkable growth is driven by several factors, including the increasing adoption of smart home devices, rising concerns regarding home security, and advancements in IoT technology.

One of the primary growth factors in this market is the rising awareness and concern for home security. With increasing crime rates and the prevalence of home invasions, homeowners globally are investing more in advanced security systems to protect their properties and loved ones. Additionally, the convenience and accessibility of smart home security systems, which can be monitored and controlled remotely via smartphones and other devices, add to their appeal. This trend is especially pronounced in urban areas where the density of valuable assets and properties is higher.

Technological advancements in IoT and AI are also playing a significant role in the market's expansion. The integration of AI enables features like facial recognition, behavior analysis, and automated threat detection, which enhances the effectiveness and reliability of security systems. IoT connectivity allows for seamless integration of multiple devices, providing a comprehensive security solution that can cover various aspects of home protection, from intrusion detection to fire safety.

Another critical driver is the increasing affordability and accessibility of smart home devices. As the cost of technology decreases, more consumers can afford to implement sophisticated security systems. Additionally, the rise of smart city initiatives across various countries is propelling the demand for smart home security solutions. Government regulations and standards promoting the use of such technologies further contribute to market growth.

Regionally, North America holds the largest share of the security services for smart homes market, driven by high adoption rates of smart home devices and advanced technologies. Europe follows closely, with significant contributions from countries like the UK, Germany, and France. The Asia Pacific region is expected to witness the highest growth rate due to increasing urbanization, rising disposable incomes, and growing awareness regarding home security solutions. In contrast, markets in Latin America and the Middle East & Africa are still emerging but show promising potential for future growth.

Service Type Analysis

Within the security services for smart homes market, the service type segment is categorized into professional services and managed services. Professional services encompass the installation, maintenance, and consulting required to establish and sustain a smart home security system. These services are crucial for consumers who seek expert assistance in setting up their systems, ensuring they function optimally. The demand for professional services is particularly high among new adopters who may lack the technical expertise to install and configure their systems independently.

Managed services, on the other hand, include ongoing monitoring and management of the security systems. This segment is gaining traction as it offers homeowners peace of mind by providing around-the-clock surveillance and immediate response to potential threats. Managed services are often bundled with additional features like regular system updates, remote troubleshooting, and emergency response services, making them an attractive option for consumers who prefer a hands-off approach to security management.

The growing preference for managed services is also fueled by the increasing complexity of smart home security systems. As systems become more sophisticated, the need for professional oversight and management becomes more critical. This trend is particularly evident in urban areas where homeowners may not have the time or expertise to manage their security systems independently. Additionally, service providers are continually enhancing their offerings with AI and machine learning capabilities, further boosting the appeal of managed services.

In terms of market share, managed services are expected to grow at a faster rate compared to professional services. This growth is attributed to the increasing number of consumers opting for subscription-based models that offer comprehensive security solutions without the need for significant upfront investments. The r

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

What will be the Size of the Real Estate Market During the Forecast Period?

Request Free Sample

The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

Get a glance at the market report of share of various segments Request Free Sample

The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific region holds the largest share of The market, dr

The global luxury real estate market is a booming industry, with a market size of XXX million in 2025 and a CAGR of XX% between 2025 and 2033. Key drivers of this growth include the increasing number of high-net-worth individuals, the growing demand for luxury properties as investments, and the rising popularity of vacation homes. Trends in the market include the increasing use of technology, the growing demand for sustainable properties, and the increasing popularity of international buyers. Restraints to the market include the high cost of luxury properties, the volatility of the stock market, and the rising interest rates. The luxury real estate market is segmented into two main types: single-family homes and condos. Single-family homes are the most popular type of luxury property, accounting for over 60% of the market. Condos are becoming increasingly popular, especially in urban areas. In terms of application, the luxury real estate market is divided into residential and commercial properties. Residential properties account for the majority of the market, while commercial properties are becoming increasingly popular as investments. The major companies in the luxury real estate market include Brookfield Asset Management, American Tower, Simon Property Group, and Prologis.

Real Estate Market Outlook

The global real estate market size was valued at approximately USD 10 trillion in 2023 and is projected to reach around USD 15 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. The primary growth factor driving this market is the increasing urbanization and the growing need for residential and commercial spaces. Rapid urbanization, economic development, and increasing investments in infrastructure are contributing to this growth.

Urbanization is a key driver for the real estate market. As urban areas expand, there is a heightened demand for residential, commercial, and industrial properties. This trend is particularly noticeable in emerging economies where migration from rural to urban areas is accelerating. In addition to providing housing, urbanization necessitates the development of commercial and industrial spaces to support economic activities and provide employment opportunities. This cycle of development and demand continues to fuel the real estate market globally.

Furthermore, economic development plays a crucial role in the growth of the real estate market. As countries develop economically, there is an increase in disposable incomes, which in turn drives demand for better housing and commercial facilities. This economic growth often leads to increased investments from both domestic and international investors, further boosting the real estate market. The development of infrastructure such as roads, bridges, and public facilities also supports the growth of the real estate sector by making locations more accessible and attractive for development.

The growth of the real estate market is also supported by government initiatives and policies aimed at promoting housing and infrastructure development. Many governments around the world offer incentives such as tax benefits, subsidies, and relaxed regulations to encourage investment in the real estate sector. These policies not only stimulate the construction of new properties but also help in the renovation and improvement of existing structures. Additionally, the introduction of smart cities and sustainable development projects is creating new opportunities within the real estate market.

Real Estate Services play a pivotal role in the expansion and management of the real estate market. These services encompass a wide range of activities including property management, brokerage, appraisal, and consulting. They are essential for facilitating transactions, ensuring compliance with regulations, and maximizing the value of real estate assets. As the market grows, the demand for specialized real estate services increases, providing opportunities for companies to offer tailored solutions that meet the diverse needs of property owners, investors, and tenants. The integration of technology into real estate services is also transforming the industry, enabling more efficient and transparent processes.

Regionally, the real estate market is experiencing varied growth patterns. For instance, Asia Pacific is witnessing rapid growth due to its expanding population and increasing urbanization. North America and Europe, on the other hand, are seeing steady growth driven by economic stability and significant investments in technology and sustainability. Meanwhile, regions like Latin America and the Middle East & Africa are slowly catching up, with increasing investments in infrastructure and real estate developments. These regional dynamics play a crucial role in shaping the overall growth trajectory of the global real estate market.

Property Type Analysis

The real estate market is segmented by property type into residential, commercial, industrial, and land. The residential segment is one of the most significant contributors to the market, driven by the increasing population and the growing need for housing. With urbanization on the rise, there is a continuous demand for new residential properties. This segment includes single-family homes, multi-family units, condominiums, and apartments. The trend towards nuclear families and the demand for better living standards are also contributing to the growth of the residential real estate segment.

Commercial real estate is another critical segment within the market, encompassing office spaces, retail centers, hotels, and other commercial establishments. The growth of the commercial real estate segment is closely linked to economic development, as businesses requir

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets (DRSFRMT100N) from Q1 1991 to Q2 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, domestic, assets, banks, depository institutions, rate, and USA.

The Mexico Home Equity Loan market, valued at approximately $X million in 2025 (estimated based on provided CAGR and market size), is projected to experience robust growth, exceeding a 5% compound annual growth rate (CAGR) through 2033. This expansion is fueled by several key drivers. Rising homeownership rates in Mexico, coupled with increasing awareness of home equity loans as a financing option, are significantly contributing to market growth. Furthermore, the growing middle class with increased disposable income is seeking financing options for home improvements, debt consolidation, and other large purchases, thus boosting demand. The availability of diverse loan products, including fixed-rate loans and home equity lines of credit (HELOCs), offered by a range of providers such as commercial banks, financial institutions, credit unions, and other creditors, further enhances market accessibility. The increasing adoption of online loan applications and disbursement processes streamlines the borrowing experience, contributing to market expansion. However, certain challenges temper the market's growth trajectory. Economic instability and fluctuating interest rates can impact borrowing costs and consumer confidence, potentially hindering loan uptake. Stringent lending regulations and credit scoring requirements may also restrict access to loans for certain segments of the population. Despite these constraints, the long-term outlook for the Mexico Home Equity Loan market remains positive, driven by sustained economic growth and evolving consumer borrowing behaviors. The increasing sophistication of financial products and services, combined with a growing understanding of home equity as a valuable asset, positions the market for continued expansion in the coming years. The competitive landscape includes established players like Bank of America and regional banks like Bank of Albuquerque, fostering innovation and consumer choice. Recent developments include: On August 2022, Rocket Mortgage, Mexico's largest mortgage lender and a part of Rocket Companies introduced a home equity loan to give Americans one more way to pay off debt that has risen along with inflation. Detroit-based Rocket Mortgage is enabling the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience, On February 2023, Guild Mortgage, a growth-oriented mortgage lending company originating and servicing residential loans since 1960, increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. With this acquisition, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs, and other specialized loan programs.. Key drivers for this market are: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Potential restraints include: Rise in the price of Housing Units increasing Home Equity loan demand by borrower, Decline in Inflation and lending interest rate reducing lender risk. Notable trends are: Financial And Socioeconomic Factors Favouring The Market.

Furniture Rent-to-Own Platform Market Outlook

According to our latest research, the global Furniture Rent-to-Own Platform market size reached USD 6.8 billion in 2024, reflecting robust demand across both developed and emerging economies. The market is projected to expand at a CAGR of 7.9% from 2025 to 2033, reaching an estimated USD 13.7 billion by 2033. This impressive growth trajectory is primarily fueled by shifting consumer preferences toward flexible ownership models, increasing urbanization, and a growing millennial workforce seeking cost-effective and hassle-free furnishing solutions.

One of the most significant growth factors propelling the Furniture Rent-to-Own Platform market is the increasing preference for asset-light lifestyles among urban consumers, particularly millennials and Gen Z. As homeownership rates decline and mobility increases, consumers are seeking alternatives to traditional furniture purchasing. Rent-to-own platforms offer a flexible, affordable, and convenient solution, allowing users to access high-quality furniture without the burden of large upfront costs or long-term commitments. Furthermore, the rise of remote work and frequent relocations has made temporary furniture solutions more attractive, further driving demand for these platforms. The integration of digital technologies, such as AI-driven personalization and seamless online interfaces, has also enhanced the customer experience, making furniture rental more accessible and appealing.

Another key driver is the burgeoning commercial sector’s adoption of furniture rent-to-own solutions. Startups, small businesses, and even large enterprises are increasingly leveraging these platforms to furnish offices, coworking spaces, and pop-up stores without significant capital expenditure. This trend is especially pronounced in metropolitan cities where real estate and operational costs are high. The rent-to-own model provides businesses with the agility to scale up or down based on their requirements, thus optimizing costs and minimizing waste. Additionally, the growing emphasis on sustainability and circular economy principles is encouraging both consumers and businesses to opt for rental solutions, as they promote reuse and reduce environmental impact.

The expansion of e-commerce and digital payment infrastructure has also played a pivotal role in the growth of the Furniture Rent-to-Own Platform market. Online platforms have democratized access to a wide variety of furniture options, enabling customers to browse, compare, and select products from the comfort of their homes. The proliferation of mobile applications and the integration of advanced logistics solutions have made the rental process seamless and efficient. This digital transformation has not only improved customer acquisition and retention for platform providers but has also facilitated the entry of new players, intensifying competition and fostering innovation within the industry.

From a regional perspective, North America currently dominates the market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The United States, in particular, has witnessed widespread adoption of rent-to-own platforms, driven by high urbanization rates, a large student population, and a dynamic housing market. However, the Asia Pacific region is expected to exhibit the fastest growth over the forecast period, supported by rapid urbanization, rising disposable incomes, and a burgeoning middle class. Emerging markets in Latin America and the Middle East & Africa are also showing promising potential, as digital adoption and awareness of rental models continue to rise.

Product Type Analysis

The Furniture Rent-to-Own Platform market is segmented by product type into Home Furniture, Office Furniture, Outdoor Furniture, and Others. Home furniture constitutes the largest segment, driven by the growing trend of renting sofas, beds, dining sets, and wardrobes among urban dwellers, students, and young professionals. The flexibility to frequently update home aesthetics without significant financial commitment has made rent-to-own platforms particularly attractive in this segment. Providers are increasingly offering customizable packages and subscription models that cater to varied lifestyle needs, further enhancing the appeal of home furniture rentals. The integration of smart and modular furniture options is also gaining traction, as consumers seek solutions that align with modern livi

Snapshot img

Homeowners Insurance Market Size 2024-2028

The homeowners insurance market size is forecast to increase by USD 65.9 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The increasing number of natural disasters and man-made hazards has led to a higher demand for comprehensive insurance coverage. New technological developments In the home insurance industry, such as the use of drones for property inspections and smart home systems for risk mitigation, are transforming the market. Additionally, the vulnerability to cybercrimes, including identity theft and hacking, is driving insurers to offer cyber insurance policies as part of their homeowners packages. These trends are shaping the future of the market and are expected to continue influencing its growth.

What will be the Size of the Homeowners Insurance Market During the Forecast Period?

Request Free Sample

The market is a significant segment of the global casualty insurance sector, providing financial protection for homeowners against various risks. Homeowners, as key asset holders, rely on insurance companies to safeguard their financial security against potential losses from incidents such as natural disasters, theft, and property damage. Insurers employ advanced risk assessment tools to evaluate and price policies based on factors like location, property values, and historical claims data. Recent market trends include increasing concerns over catastrophic risks, driven by both natural disasters and pandemic-related losses. The low-interest-rate environment has also influenced the market, affecting loss reserves and policyholder surplus.
Moreover, insurance companies continue to navigate the challenges posed by financial market losses and the legal responsibility to policyholders for covered damages. Asset prices and loss reserves remain crucial indicators of market stability, with property insurance and household/private property insurance being the primary types of coverage sought by homeowners.

How is this Homeowners Insurance Industry segmented and which is the largest segment?

The homeowners insurance industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Fire and theft
  House damage
  Floods and earthquake
  Others


Source

  Captive
  Independent agent
  Direct response


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Type Insights

The fire and theft segment is estimated to witness significant growth during the forecast period.

The market growth is driven by the increasing prevalence of natural disasters and theft incidents, leading homeowners to seek additional coverage beyond standard property insurance policies. Fire insurance, a significant segment, protects against losses caused by fire, with many homeowners opting for additional coverage to offset costs exceeding their base policy limits. Policies exclude certain perils, such as war and nuclear risks. Theft insurance, another essential component, safeguards against financial losses resulting from theft or vandalism. Advanced risk assessment tools enable insurance firms to customize policies based on clients' risk profiles and underwriting guidelines, offering premium payment flexibility and virtual interactions.

Get a glance at the Homeowners Insurance Industry report of share of various segments Request Free Sample

The fire and theft segment was valued at USD 80.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 40% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The North American market will experience steady growth due to the high frequency of natural disasters, leading to an increased demand for reinsurance policies. Catastrophic events, such as hurricanes, tornados, and tsunamis, can cause significant damage to residential properties, resulting in substantial insurance claims. Reinsurers provide capital to primary insurers when the number of claims is high, ensuring financial security for policyholders. Despite the challenges, reinsurance firms have managed to maintain consistent revenue streams. Property values, homeowners, assets, and liability coverage are integral components of homeowners insurance policies. Insurance providers offer customized policies for various risks, including natural disasters, theft, an

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately ******* U.S. dollars in Switzerland to roughly ***** U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was ****** U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America. What is financial wealth? Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few. Where do most wealthy individuals live? Individuals with a net worth over *********** U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach ********* of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.

In 2023, the return of the national NCREIF Property Index in the United States declined for the first time since 2009. The annualized total return of the index plummeted in 2023, followed by a slight increase in 2024. Just three years ago, in 2021, the rate of return of the index hit **** percent. The NCREIF Property Index reflects the change in prices of commercial real estate for investment purposes in the United States. Property types with the highest cap rates Cap rates, which measure the expected return rate of a real estate asset, were the highest for retail properties in 2023. While a higher cap rate indicates a higher rate of return, it is also associated with higher risk: The multifamily sector, which has enjoyed steady and robust growth in recent years, had the lowest cap rate of all commercial property types. Commercial property area with the best development prospects In 2025, the real estate development opportunities for single-family housing were deemed to be the best when compared with other types of commercial property. Industrial real estate includes warehouses, factories, and big box distribution centers.