Graph and download economic data for Houses Sold by Type of Financing, Cash Purchase (HSTFC) from Q1 1988 to Q2 2025 about cash, financing, finance, sales, housing, and USA.

The number of new homes sold increased in 2024, but remained below the levels observed during the 2020-2021 housing boom. Conventional loans are the most popular financing option, accounting for 513,000 of the 686,000 home purchases in 2024. Despite comprising a small share of sales, cash purchases have risen notably over the past five years. This can be explained by the dramatic increase in mortgage interest rates, which makes cash purchases more attractive for those who can afford them. Development of house prices The U.S. housing market is suffering a supply shortage, which has contributed to a substantial increase in house prices. Over the past five years, construction costs risen notably, pushing the price of newly built homes up. Meanwhile, income growth has failed to keep up, resulting in a worsening housing affordability. According to the house price to income index, home prices outgrew income by nearly 32 percent between 2015 and 2024. Is the U.S. housing stock growing? There were approximately 187 million housing units in the U.S. in 2024, indicating an increase of one percent over the previous year. Apart from new-single family housing, the number of newly built multifamily units has also risen notably. Multifamily allows construction in denser urban areas with overheated housing markets, earning it increasing popularity among investors.

In 2024, approximately 51,000 cash home sales took place in the United States. Despite the number of cash transactions declining since the peak in 2021, it remained elevated compared to the long-term average. This can be attributed to the substantial increase in mortgage rates following the COVID-19 pandemic. Despite cash purchases growing in popularity, the majority of home purchases were financed with a conventional mortgage in 2024.

Graph and download economic data for Houses Sold by Type of Financing, FHA Insured (HSTFFHAI) from Q1 1988 to Q1 2025 about financing, finance, insurance, sales, housing, and USA.

Graph and download economic data for Median Sales Price of Houses Sold by Type of Financing, FHA Insured (MSPTFFHAI) from Q1 1988 to Q1 2025 about financing, finance, insurance, sales, median, housing, and USA.

Graph and download economic data for Median Sales Price of Houses Sold by Type of Financing, Cash Purchase (MSPTFC) from Q1 1988 to Q1 2025 about cash, financing, finance, sales, median, housing, and USA.

Monthly single-family home sales in Connecticut, 2001 through the present. Data updated monthly by the Connecticut Housing Finance Authority and tracked in the following dashboard: https://www.chfa.org/about-us/ct-monthly-housing-market-dashboard/.

CHFA has stopped maintaining the dashboard and associated datasets, and this dataset will no longer be updated as of 2022.

The industry is composed of non-depository institutions that conduct primary and secondary market lending. Operators in this industry include government agencies in addition to non-agency issuers of mortgage-related securities. Through 2025, rising per capita disposable income and low levels of unemployment helped fuel the increase in primary and secondary market sales of collateralized debt. Nonetheless, due to the pandemic and the sharp contraction in economic activity in 2020, revenue gains were limited, but have climbed as the economy has normalized and interest rates shot up to tackle rampant inflation. However, in 2024 the Federal Reserve cut interest rates as inflationary pressures eased and is expected to be cut further in 2025. Overall, these trends, along with volatility in the real estate market, have caused revenue to slump at a CAGR of 1.5% to $485.0 billion over the past five years, including an expected decline of 1.1% in 2025 alone. The high interest rate environment has hindered real estate loan demand and caused industry profit to shrink to 11.6% of revenue in 2025. Higher access to credit and higher disposable income have fueled primary market lending over much of the past five years, increasing the variety and volume of loans to be securitized and sold in secondary markets. An additional boon for institutions has been an increase in interest rates in the latter part of the period, which raised interest income as the spread between short- and long-term interest rates increased. These macroeconomic factors, combined with changing risk appetite and regulation in the secondary markets, have resurrected collateralized debt trading since the middle of the period. Although the FED cut interest rates in 2024, this will reduce interest income for the industry but increase loan demand. Although institutions are poised to benefit from a strong economic recovery as inflationary pressures ease, relatively steady rates of homeownership, coupled with declines in the 30-year mortgage rate, are expected to damage the primary market through 2030. Shaky demand from commercial banking and uncertainty surrounding inflationary pressures will influence institutions' decisions on whether or not to sell mortgage-backed securities and commercial loans to secondary markets. These trends are expected to cause revenue to decline at a CAGR of 0.8% to $466.9 billion over the five years to 2030.

Residential real estate purchases in the Islands region in Italy were the least likely to be financed with a mortgage in 2023, compared to the North East region, where the percentage of sales with a mortgage was the highest. On average, about ** percent of home sales were with a mortgage in the country.

The number of new houses sold in the United States took a big hit during the financial crisis, dropping from a high of around *** million houses sold in 2005 to a low of *** thousand homes sold in 2011 – around a ** percent decrease. While the economy has largely recovered since the crisis, consumers remained hesitant when it comes to buying homes. In 2020, demand for housing surged and house sales volumes spiked to *******. Housing construction remains suppressed One of the main challenges in the U.S. housing market is the insufficient number of new homes built. During the financial crisis, construction slowed dramatically, and has still struggled to recover. Construction costs, on the other hand, have risen notably, making homeownership increasingly pricier. House prices on the rise Unsurprisingly, the median sales price of new homes has risen substantially. In 2024, the U.S. Case Shiller National Home Price Index, reached *** index points, suggesting the price of a home tripled since 2000, the base year of the index.

The LAR & TS data are collected by a financial institution as a result of applications for, and originations and purchases of, home-purchase loans (including refinancings) and home-improvement loans for each calendar year. The TS data contain specific information about the reporting institution, including respondent identification number used in the report, their supervisory agency code, respondent's name and address. The primary categories of each LAR record are data about the application and loan, action taken, property location, applicant information, and whether the loan was sold.

The home equity loan market, valued at $30.74 billion in 2025, is projected to experience steady growth, driven by several key factors. Rising home values in many regions are providing homeowners with increased equity, making them eligible for larger loan amounts. Low interest rates, while fluctuating, historically contribute to increased borrowing. Furthermore, the increasing preference for home renovations and improvements fuels demand for home equity loans, as homeowners utilize this accessible source of funding for projects ranging from kitchen upgrades to energy-efficient replacements. The market is segmented by loan type (fixed-rate loans and home equity lines of credit – HELOCs) and service providers (banks, online lenders, credit unions, and others). Banks and credit unions traditionally dominate the market, but online lenders are gaining traction due to their ease of access and streamlined application processes. Competition among these providers is intensifying, leading to innovation in product offerings and customer service. While economic downturns could potentially restrain growth, the long-term outlook remains positive, fueled by ongoing demand for home improvements and refinancing opportunities. The geographic distribution of the market is extensive, with significant presence across North America, Europe, and Asia-Pacific. The continued expansion of the home equity loan market is anticipated to be influenced by several dynamic factors. Government regulations and policies concerning lending practices will continue to shape the landscape. Technological advancements such as online platforms and sophisticated risk assessment tools will likely enhance efficiency and accessibility. Furthermore, evolving consumer preferences and financial literacy levels will play a significant role in determining demand for specific loan products. Geographic variations in housing markets, interest rates, and regulatory environments will lead to differential growth rates across different regions. The competitive landscape, marked by a diverse range of established and emerging players, suggests a dynamic market susceptible to shifts in market share based on product innovation, customer service, and strategic partnerships. Recent developments include: In April 2022, Redfin a real estate company based in Seattle (United States) acquired Bay Equity Home Loans with a sum of USD 137.8 Million. The merger accelerates Redfin’s strategy for expanding its business with customers to buy, sell, rent, and finance a home., In July 2022, Ontario Teachers’ Pension Plan Board acquired HomeQ which exists as a parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. HomeEquity Bank exist as a Canadian Bank offering a range of reverse mortgage solutions product and Ontario Teachers' Pension Plan Board is a global investor.. Key drivers for this market are: Increase In Sales of Household Units, Higher Duration of Repayment. Potential restraints include: Increase In Sales of Household Units, Higher Duration of Repayment. Notable trends are: Access to Large Amount of Loan.

The Department of Finance (DOF) maintains records for all property sales in New York City, including sales of family homes in each borough. This list is a summary of neighborhood sales for Tax Class 1, 2 and 3 Family homes.

This statistic shows the gross profit per home flip in the United States in 2017, by finance type. The average gross profit made by home flippers who paid for the property in cash was 83,131 U.S. dollars in 2017, whereas those who bought the property with financing only made on average 78,213 U.S. dollars.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q1 2025 about sales, median, housing, and USA.

Map to provide City of Phoenix Finance staff with editing abilities for For Sale/Sold/Lease parcels.

The Home Equity Loan market is projected to reach a market size of 30.74 million by 2033, growing at a CAGR of 3.50% over the forecast period 2025-2033. The United States, Canada, and Mexico are the major markets in North America. China, India, Japan, South Korea, ASEAN, Oceania, and the Rest of Asia Pacific form the Asia Pacific region. The factors driving market growth include the increasing popularity of debt consolidation, home improvements, and the need for additional capital. The growth in the home equity loan market is attributed to the low interest rates and the increasing number of homeowners. The availability of home equity loans at competitive interest rates makes them an attractive option for borrowers. However, the market is restrained by factors such as the high risk associated with home equity loans and strict eligibility criteria. The market is segmented by types, service providers, and regions. The types of home equity loans include fixed-rate loans and home equity lines of credit. The service providers include banks, online lenders, credit unions, and others. The regions include North America, South America, Europe, Middle East & Africa, and Asia Pacific. North America is expected to continue to dominate the market, followed by Asia Pacific and Europe. The increasing demand for home equity loans in these regions is expected to drive the growth of the Home Equity Loan market. Recent developments include: In April 2022, Redfin a real estate company based in Seattle (United States) acquired Bay Equity Home Loans with a sum of USD 137.8 Million. The merger accelerates Redfin’s strategy for expanding its business with customers to buy, sell, rent, and finance a home., In July 2022, Ontario Teachers’ Pension Plan Board acquired HomeQ which exists as a parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. HomeEquity Bank exist as a Canadian Bank offering a range of reverse mortgage solutions product and Ontario Teachers' Pension Plan Board is a global investor.. Key drivers for this market are: Increase In Sales of Household Units, Higher Duration of Repayment. Potential restraints include: Increase In Sales of Household Units, Higher Duration of Repayment. Notable trends are: Access to Large Amount of Loan.

Overall, the share of home builders seeking loans for land acquisition, development, and construction (AD&C) was lower in early 2023 than a year earlier. Loans to cover the costs of speculative single-family construction were the most popular type, with over a third of respondents having sought them. Speculative construction refers to those projects that do not have yet a buyer or final user. That is in contrast to pre-sold single-family homes, which already have a buyer before they are finished.

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate 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.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

Monthly single-family home sales in Connecticut, 2001 through the present. Data updated monthly by the Connecticut Housing Finance Authority and tracked in the following dashboard: https://www.chfa.org/about-us/ct-monthly-housing-market-dashboard/.