Key information about House Prices Growth

• US house prices grew 3.3% YoY in Sep 2025, following an increase of 4.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2025, with an average growth rate of -12.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

According to Cognitive Market Research, the global Residential Real Estate market size was USD 32651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13060.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9795.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7509.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1632.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 653.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The single-family homes category is the fastest growing segment of the Residential Real Estate industry

Market Dynamics of Residential Real Estate Market

Key Drivers for Residential Real Estate Market

Increasing population drives housing demand to Boost Market Growth

Increasing population drives housing demand by creating a need for more residential spaces to accommodate growing numbers of people. As population rises, particularly in urban and suburban areas, demand for housing expands, fueling the residential real estate market. This is especially evident in countries experiencing rapid urbanization, where people move to cities seeking better job opportunities, education, and lifestyle options, further increasing housing needs. Additionally, population growth often correlates with the formation of new households, such as young families or individuals moving out on their own, intensifying the demand for housing units. In response, developers and investors are motivated to build more residential properties, ranging from single-family homes to multifamily units, contributing to market growth and driving real estate values upward. For instance, The Ashwin Sheth Group aims to broaden its residential and commercial offerings in the Mumbai Metropolitan Region (MMR) of India.

Rising incomes and economic stability to Drive Market Growth

Rising incomes and economic stability drive the residential real estate market by boosting consumers’ purchasing power and confidence in long-term investments like homeownership. As incomes increase, people can afford larger down payments, qualify for higher loan amounts, and manage mortgage payments more comfortably, making home buying a more viable option. Economic stability, characterized by low unemployment rates and steady GDP growth, reinforces this confidence, as individuals feel secure in their financial situations. With greater disposable income, many consumers seek to upgrade to larger homes, buy second properties, or invest in luxury real estate, further fueling demand. This economic backdrop attracts both local and foreign investors, leading to more housing developments, increased property values, and a flourishing residential real estate market.

Restraint Factor for the Residential Real Estate Market

High Property Prices will Limit Market Growth

High property prices restrain the residential real estate market by making homeownership unaffordable for a significant portion of the population. As prices rise, potential buyers, particularly first-time homeowners and low- to middle-income families, may find it challenging to secure adequate financing or meet the necessary down payment requirements. This affordability crisis limits the pool of qualified buyers, leading to slower sales and potential stagnation in market growth. Additionally, high property prices can prompt increased demand for rental properties, shifting focus away from home purchases. In markets where prices escalate rapidly, even affluent buyers may hesitate, fearing potential market corrections. Consequently, elevated property values can create a barrier to entry, ultimately restricting the overall health and vibrancy of the residential real estate market.

Impact of Covid-19 on the Residential Real Estate Market

The COVI...

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q2 2025 about sales, median, housing, and USA.

After a period of rapid increase, house price growth in the UK has moderated. In 2025, house prices are forecast to increase by ****percent. Between 2025 and 2029, the average house price growth is projected at *** percent. According to the source, home building is expected to increase slightly in this period, fueling home buying. On the other hand, higher borrowing costs despite recent easing of mortgage rates and affordability challenges may continue to suppress transaction activity. Historical house price growth in the UK House prices rose steadily between 2015 and 2020, despite minor fluctuations. In the following two years, prices soared, leading to the house price index jumping by about 20 percent. As the market stood in April 2025, the average price for a home stood at approximately ******* British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next five years. Growth is forecast to be stronger in 2025 and slow slightly until 2029. The rental market in London is expected to follow a similar trend, with Outer London slightly outperforming Central London.

The global housing rental service market is experiencing robust growth, driven by factors such as increasing urbanization, changing lifestyle preferences, and the rise of the gig economy. The market, valued at approximately $2 trillion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This significant expansion is fueled by several key trends, including the growing popularity of short-term rentals facilitated by platforms like Airbnb and VRBO, the increasing demand for flexible lease options catering to transient populations, and the emergence of innovative property management technologies enhancing efficiency and tenant experience. The market segmentation reveals a significant share held by the long-term lease segment, driven by stable rental income and predictable cash flows, while the short-term rental segment is witnessing rapid growth, propelled by the tourism and business travel sectors. Furthermore, the commercial segment is expanding, reflecting the growing need for flexible workspace solutions. Geographic distribution shows strong performance in North America and Europe, with emerging markets in Asia-Pacific presenting significant growth opportunities. However, the market faces certain restraints, including fluctuating interest rates impacting mortgage costs, potential regulatory changes affecting short-term rentals, and the challenges of maintaining consistent property standards across diverse portfolios. Despite these challenges, the long-term outlook for the housing rental service market remains positive, driven by continuous technological advancements, evolving consumer preferences, and the persistent demand for housing in rapidly urbanizing regions. Key players in the market, including Invitation Homes, Blueground, and Vacasa, are actively innovating to meet these changing demands and capitalize on growth opportunities within different segments and geographic regions. Strategic acquisitions, technological integrations, and expansion into new markets are crucial strategies for sustained success within this dynamic sector.

According to Cognitive Market Research, the global Real Estate Services market size was USD 100254.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 40101.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30076.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23058.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5012.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2005.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Residential Type held the highest Real Estate Services market revenue share in 2024.

Market Dynamics of Real Estate Services Market

Key Drivers for Real Estate Services Market

Increasing focus on sustainability and environmentally-friendly buildings to Increase the Demand Globally: The increasing focus on sustainability and environmentally-friendly buildings is driving the Real Estate Services Market as businesses and consumers seek properties that reduce environmental impact and energy costs. Green buildings, which adhere to eco-friendly standards, are becoming more attractive due to their long-term cost savings, health benefits, and regulatory incentives. Real estate services must adapt to this trend by offering expertise in sustainable development, energy efficiency, and green certifications. Additionally, investors are prioritizing environmentally responsible properties to meet corporate social responsibility goals, further fueling demand for specialized real estate services. This shift is creating new opportunities and driving growth in the market as sustainability becomes a key consideration in real estate decisions.

Rising population levels to Propel Market Growth: Rising population levels are driving the Real Estate Services Market by increasing demand for housing, commercial spaces, and infrastructure. As populations grow, particularly in urban areas, the need for residential properties intensifies, leading to more real estate transactions, development projects, and property management needs. Additionally, growing populations stimulate economic activity, creating demand for offices, retail spaces, and industrial properties. This growth translates into higher demand for real estate services such as brokerage, property management, and valuation. Real estate companies also benefit from increased construction and development activity, as they provide essential services for planning, financing, and marketing new projects. Overall, population growth creates sustained demand across all segments of the real estate market, driving the need for professional services.

Restraint Factor for the Real Estate Services Market

High Initial Costs to Limit the Sales: High initial costs are restraining the Real Estate Services Market by making it difficult for potential buyers and investors to enter the market. Purchasing or developing real estate involves significant upfront expenses, including land acquisition, construction, legal fees, and financing costs. These high costs can be a barrier, especially for first-time buyers, small businesses, or developers with limited capital. Additionally, the requirement for substantial down payments and the rising costs of building materials and labor further exacerbate the financial burden. This financial strain reduces the number of transactions and developments, leading to lower demand for real estate services such as brokerage, consulting, and property management. Consequently, high initial costs limit market expansion and restrict the growth of service providers.

Trends for the Real Estate Services Market

Digital Transformation and PropTech Integration: The real estate services sector is swiftly embracing digital technologies and PropTech innovations to improve efficiency, tran...

The Senior Living Market Report is Segmented by Housing Unit (1BHK, 2BHK, and More), Level of Care Intensity (Lifestyle/Minimal Assistance, Skilled Nursing and More), Ownership Model (Owner-Operated, Triple-Net Lease, and More), Funding Source (Private Pay, Public Subsidized, Long-Term Care Insurance, and More), and Geography (North America, Europe, Asia Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD).

Housing Index in the United States decreased to 435.40 points in September from 435.60 points in August of 2025. This dataset provides the latest reported value for - United States House Price Index MoM Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

The global Housing Rental Service market is poised for significant expansion, projected to reach approximately USD 1,500 million by 2025, with an anticipated Compound Annual Growth Rate (CAGR) of 12% through 2033. This robust growth is fueled by a confluence of evolving lifestyle preferences and economic realities. Increasing urbanization continues to drive demand for rental accommodations, particularly in major metropolitan areas. Furthermore, the growing popularity of short-term rentals, facilitated by digital platforms, caters to the burgeoning tourism and business travel sectors. Concurrently, long-term leases remain a cornerstone of the market, offering stability for both renters and property owners. Key drivers include the increasing cost of homeownership, particularly for younger demographics, and a greater emphasis on flexibility and mobility in career choices. The market is also benefiting from technological advancements that streamline the rental process, from property discovery and application to lease management and payment. The competitive landscape of the Housing Rental Service market is characterized by a dynamic mix of established property management firms and innovative digital platforms. Companies like Invitation Homes, Vacasa, and HousingAnywhere are at the forefront, leveraging technology to enhance user experience and operational efficiency. The market is segmented by application into Personal and Commercial, with Personal rentals constituting the larger share due to widespread individual housing needs. Within types, both Short-term Rental and Long-term Lease segments are experiencing healthy growth. Geographically, North America is expected to maintain a dominant market share, driven by strong economies and established rental markets in the United States and Canada. However, Asia Pacific presents a substantial growth opportunity, with rapidly expanding economies and increasing urbanization in countries like China and India. Emerging trends such as co-living spaces and the integration of smart home technologies into rental properties are further shaping the market's trajectory. This report delves into the dynamic and rapidly evolving global housing rental service market. Analyzing data from the historical period of 2019-2024, with a base year of 2025 and a forecast period extending to 2033, this study provides invaluable insights for stakeholders seeking to navigate this complex landscape. The report estimates the market size in millions of units, offering a clear quantitative perspective on growth and demand.

Key information about House Prices Growth

• India house prices grew 2.5% YoY in Jun 2025, following an increase of 5.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Jun 2025, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

The United States real estate brokerage market, valued at $197.33 billion in 2025, is projected to experience steady growth, driven primarily by a robust housing market, increasing urbanization, and the growing preference for professional real estate services. The market's Compound Annual Growth Rate (CAGR) of 2.10% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key market segments include residential and non-residential properties, with sales and rental services as primary revenue streams. Major players such as Keller Williams, RE/MAX, and Coldwell Banker dominate the market, leveraging extensive networks and advanced technological tools to enhance client services. While competition is fierce, the market's growth is fueled by factors like rising home prices, increasing investor interest in real estate, and the continuing need for expert guidance in navigating complex real estate transactions. The market faces challenges such as fluctuating interest rates which can impact buyer affordability and economic downturns that can reduce both sales and rental activity, thereby influencing the overall market expansion. However, the long-term outlook remains positive, supported by the enduring demand for housing and the critical role of brokerage firms in facilitating real estate transactions. The increasing use of online platforms and proptech solutions is also expected to further shape the market landscape in the coming years. The segmentation by property type (residential and non-residential) and service type (sales and rental) provides valuable insights into market dynamics. Residential sales are likely to remain the largest segment, driven by demographic shifts and population growth. The non-residential segment, encompassing commercial properties, will likely experience growth influenced by business expansion and investment activities. The rental segment is expected to continue its growth, particularly in urban areas facing housing shortages. The competitive landscape features established national brands alongside smaller, localized firms. The success of individual firms will depend on their ability to adapt to technological advancements, offer specialized services, and build strong client relationships. Furthermore, government regulations and economic conditions will also continue to play a significant role in shaping the market's trajectory. Recent developments include: May 2024: Compass Inc., the leading residential real estate brokerage by sales volume in the United States, acquired Parks Real Estate, Tennessee's top residential real estate firm that boasts over 1,500 agents. Known for its strategic acquisitions and organic growth, Compass's collaboration with Parks Real Estate not only enriches its agent pool but also grants these agents access to Compass's cutting-edge technology and a vast national referral network., April 2024: Compass has finalized its acquisition of Latter & Blum, a prominent brokerage firm based in New Orleans. Latter & Blum, known for its strong foothold in Louisiana and other Gulf Coast metros, has now become a part of Compass. This strategic move not only solidifies Compass' presence in the region but also propels it to a significant market share, estimated at around 15% in New Orleans.. Key drivers for this market are: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the market. Potential restraints include: 4., Increasing Urbanization Driving the Market4.; Regulatory Environment Driving the market. Notable trends are: Industrial Sector Leads Real Estate Absorption, Retail Tightens Vacancy Rates.

Housing developers have navigated pronounced economic swings over the past five years, as borrowing environments and Federal Reserve rate policy have dictated industry growth and contraction. Early pandemic-era interest rate cuts and remote work fueled a boom in home building, especially in suburban and affordable regions, but subsequent rate hikes sharply reversed momentum. Developers enjoyed robust sales from projects initiated during the low-rate period, even as new housing starts declined under pressure from rising mortgage costs and weakening consumer demand. The struggle has been particularly acute for small and medium-sized housing developers, which continue to close their doors or merge as cost pressures mount and competition from large developers intensifies. Persistent labor shortages and escalating input costs, driven partly by tariffs, have prevented profit growth, boosting the market share and pricing power of prominent developers able to pass costs to buyers or access strategic partners. Overall, industry revenue has been increasing at a CAGR of 5.2% over the past five years to total an estimated $324.2 billion in 2025, including an estimated decrease of 0.7% in 2025. Single-family construction marked a bright spot in 2024, with leading developers like DR Horton capitalizing on demand for space and affordability. However, the pipeline for single-family projects has been hindered by high rates and tariff uncertainty that persisted throughout most of 2025. Multifamily development endured deeper contractions, particularly in 2023 and 2024, with vacancy rates and losses intensifying among even the largest developers before rebounding in 2025 as starts and demand recovered. Continued rate cuts by the Federal Reserve will set the stage for housing developers to regain growth momentum. Developers are poised to benefit from pent-up demand, housing shortages and renewed construction activity, particularly in the single-family segment, where affordability remains critical. However, rising material and labor costs will continue to pose operational challenges, leading developers to seek efficiencies or pass costs downstream. The expiration of federal green building credits in 2026 will prompt a rush to complete qualifying projects, but may curb longer-term investment in sustainable construction unless new incentives emerge. Expansions near newly announced manufacturing hubs are expanding, with developers acquiring land and prepping communities to meet workforce housing needs as the national focus on domestic manufacturing spurs regional population inflows and rising housing demand. Overall, industry revenue is forecast to climb at a CAGR of 1.8% to total an estimated $354.7 billion through the end of 2030.

The global home loan market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. While the exact 2025 market size ("XX Million") is unspecified, considering a typical market size for such sectors and the provided CAGR, a reasonable estimation would place it in the range of several hundred billion to a trillion dollars depending on the geographical scope of the report (global, regional etc.). This substantial market value underscores the significant demand for home financing globally. The growth is propelled by several key factors, including increasing urbanization, rising disposable incomes in developing economies, supportive government policies promoting homeownership, and the ongoing expansion of the mortgage lending sector itself. Technological advancements, such as online lending platforms and streamlined application processes, also contribute to market expansion by increasing accessibility and efficiency. Conversely, factors like fluctuating interest rates, stringent lending regulations intended to mitigate risk, and economic downturns impacting consumer confidence can act as market restraints. However, the consistent growth trajectory suggests that the positive drivers outweigh these challenges in the long term. The home loan market is segmented based on various criteria such as loan type (fixed-rate, adjustable-rate, etc.), borrower profile (first-time homebuyers, repeat buyers), and loan amount (high-value, low-value). Key players in this dynamic market include established financial institutions like Bank of America, Charles Schwab, Citigroup, Goldman Sachs (Marcus), HSBC, JPMorgan Chase, Morgan Stanley, and Wells Fargo, alongside specialized mortgage lenders such as Dewan Housing Finance Corporation and LIC Housing Finance. Competition among these entities is intense, with each striving to innovate and offer competitive products and services to capture market share within their respective segments. This competition benefits consumers through improved terms and offerings, further driving market growth. The market's future growth trajectory will largely be influenced by the interplay between these driving forces, the potential impact of unforeseen economic events, and ongoing regulatory changes. Key drivers for this market are: Real Estate Market Trends, Government Policies. Potential restraints include: Real Estate Market Trends, Government Policies. Notable trends are: Turkey has the Highest Mortgage Interest Rate.

The global House Rental Platforms market is poised for significant expansion, projected to reach an estimated value of $34,500 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 12.5% expected to propel it to $87,000 million by 2033. This impressive growth is primarily fueled by the increasing demand for flexible and convenient housing solutions, particularly among younger generations like millennials and Gen Z. The platform's ability to streamline the rental process, from property discovery and virtual tours to lease agreements and payment management, addresses key pain points for both renters and landlords. The burgeoning short-term rental market, driven by tourism and the rise of the gig economy, alongside the steady demand for long-term apartment and house rentals, are significant contributors to this upward trajectory. Technology advancements, including AI-powered search filters, virtual reality property viewings, and secure online payment systems, are further enhancing user experience and driving platform adoption. Key drivers for this market's ascent include urbanization, a growing preference for renting over homeownership, and the increasing adoption of digital tools for real estate transactions. While the market presents immense opportunities, certain restraints such as stringent regulatory frameworks in some regions, potential cybersecurity risks, and the intense competition among established and emerging players could pose challenges. However, the continuous innovation in platform features, the expansion into emerging markets, and strategic partnerships are expected to mitigate these concerns. The market encompasses a diverse range of property types, with apartments and houses dominating the landscape, catering to both long-term lease and short-term rental applications. Leading companies like HousingAnywhere, Rentberry, Spotahome, and Airbnb are at the forefront of shaping this dynamic industry, continuously introducing features to meet evolving consumer needs and solidify their market positions. This report provides a comprehensive analysis of the global house rental platform market, offering insights into its structure, dynamics, and future trajectory. We delve into the competitive landscape, product offerings, regional trends, and the key drivers and challenges shaping this rapidly evolving industry. The report leverages estimated user and transaction data in the millions to paint a clear picture of market scale and player influence.

The US home loan market, a cornerstone of the American economy, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. This expansion is fueled by several key drivers. Low interest rates, particularly in the early part of the forecast period, have historically stimulated borrowing, making homeownership more accessible. A growing population, coupled with increasing urbanization and a persistent demand for housing in key metropolitan areas, further fuels this market's expansion. Government initiatives aimed at supporting homeownership, such as tax incentives and affordable housing programs, also play a significant role. The market is segmented by loan type (purchase, refinance, improvement), source (banks, HFCs), interest rate (fixed, floating), and loan tenure. While refinancing activity might fluctuate based on prevailing interest rates, the underlying demand for home purchases remains strong, particularly in regions with robust job markets and population growth. Competition among lenders, including major players like Rocket Mortgage, LoanDepot, and Wells Fargo, alongside regional and smaller banks, is fierce, resulting in innovative loan products and competitive pricing. However, the market is not without its challenges. Rising inflation and potential interest rate hikes pose a significant risk, potentially dampening demand and increasing borrowing costs. Stringent lending regulations and increased scrutiny of creditworthiness could restrict access to loans for some borrowers. Furthermore, fluctuations in the housing market itself, including supply chain disruptions impacting construction and material costs, can influence the overall growth trajectory. Despite these headwinds, the long-term outlook for the US home loan market remains positive, driven by the fundamental need for housing and ongoing economic expansion in select regions. The diverse segmentation of the market allows for a nuanced understanding of the specific growth drivers and challenges within each segment. For instance, the home improvement loan segment is expected to see strong growth driven by homeowners' increasing desire to upgrade their existing properties. Recent developments include: June 2023: Bank of America Corp has been adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co. Bank of America will likely open new financial centers in Nebraska, Wisconsin, Alabama, and Louisiana as part of a four-year expansion across nine markets, including Louisville, Milwaukee, and New Orleans., July 2022: Rocket Mortgage entered the Canadian Market with the acquisition. The company expanded from offering home loans in Ontario at launch to now providing mortgages in every province, primarily from its headquarters in downtown Windsor. The Edison Financial team grew along with the company, starting with just four team members in early 2020 to more than 140 at present.. Key drivers for this market are: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Potential restraints include: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Notable trends are: Growth in Nonbank Lenders is Expected to Drive the Market.

Discover the booming global housing rental service market! This comprehensive analysis reveals key trends, growth drivers, and challenges impacting short-term and long-term rentals, along with insights into leading companies and regional variations. Explore market projections to 2033 and uncover lucrative investment opportunities.