The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q1 2025 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

The U.S. housing market continues to evolve, with the median home price forecast to reach ******* U.S. dollars by the second quarter of 2026. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices, but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately ****** U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding ****** U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with more modest price increases of *** percent in 2022 and *** percent in 2023. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in the fourth quarter of 2023, with Rhode Island and Vermont leading the pack at over ** percent appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

The median house price of residential real estate in California has increased notably since 2012. After a brief correction in property prices in 2022, the median price reached ******* U.S. dollars in December 2023.

Graph and download economic data for Housing Inventory: Median Listing Price in California (MEDLISPRICA) from Jul 2016 to Jun 2025 about CA, listing, median, price, and USA.

All-Transactions House Price Index for California was 967.68000 Index 1980 Q1=100 in January of 2025, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for California reached a record high of 967.81000 in October of 2024 and a record low of 41.67000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for California - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Housing Inventory: Active Listing Count in California (ACTLISCOUCA) from Jul 2016 to Jun 2025 about active listing, CA, listing, and USA.

The United States Real Estate Services Market Report is Segmented by Property Type (Residential, Commercial), by Service (Brokerage Services, Property Management Services, Valuation Services and More), by Client Type (Individuals/Households, Corporates & SMEs and More), and by States (Texas, California, Florida, New York, Illinois, Rest of US). The Market Forecasts are Provided in Terms of Value (USD).

Graph and download economic data for S&P CoreLogic Case-Shiller CA-Los Angeles Home Price Index (LXXRSA) from Jan 1987 to Mar 2025 about Los Angeles, CA, HPI, housing, price index, indexes, price, and USA.

Commercial property prices in the U.S. plateaued in 2024 after declining in 2023. Between 2014 and 2021, commercial real estate prices nearly doubled, with the index reaching ***** index points. Following a slowdown in the market, the index declined, falling to ***** index points. Despite the correction, this indicated an increase of almost ** percent in prices since 2010, which was the baseline year for the index. How have prices of different property types developed over the past years? After more than a decade of uninterrupted growth, office real estate prices started to decline in 2022, reflecting a decline in occupier demand and a tougher lending environment. Industrial real estate prices, which have grown rapidly over the past few years, also experienced a correction in late 2022. Retail real estate prices displayed most resilience amid the difficult economic environment, with the equal weighed repeat sales index remaining stable. How much is invested in new commercial properties? The value of commercial real estate construction has been on the rise since 2010 in the United States. This trend mirrors the recovery seen across all economic sectors after the 2007-2009 recession. However, investment volumes in commercial property vary by type, with private office space, warehouses, and retails reading the pack.

Graph and download economic data for All-Transactions House Price Index for San Diego-Chula Vista-Carlsbad, CA (MSA) (ATNHPIUS41740Q) from Q4 1975 to Q1 2025 about San Diego, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Orange County, CA (ATNHPIUS06059A) from 1975 to 2024 about Orange County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly *****U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below ****percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market, causing the vacancy rate to increase and the pressures on rent to ease.

Graph and download economic data for S&P CoreLogic Case-Shiller CA-San Diego Home Price Index (SDXRSA) from Jan 1987 to Apr 2025 about San Diego, CA, HPI, housing, price index, indexes, price, and USA.

In 2022, San Mateo, San Francisco, and Santa Clara were the most expensive districts for housing in the San Francisco Bay Area. In San Francisco, the average square footage price of single-family homes exceeded 1,000 U.S. dollars per square foot. Housing in Solano, on the other hand, was most affordable, with the average square footage price for single family homes at 370 U.S. dollars.

How expensive is buying a home in San Francisco? Few metros in the U.S. are more expensive than San Francisco, CA. In 2022, the median sales price of existing single-family homes in San Francisco was about 1.4 million U.S. dollars, making it the second priciest market in the U.S. House prices in the Golden City, were not always so high: in 2014, a two-bedroom house in the Bay Area would sell for less than 500,000 U.S. dollars but since then, the median price has more than doubled.

How much does renting an apartment cost? Despite rents falling in 2020, renting in San Francisco is still far from cheap. Renting a two-bedroom apartment cost close to 4,000 U.S. dollars in 2021. California is one of the least affordable states for renters. In fact, to afford to rent such an apartment, a household needs approximately three full time jobs at minimum wage or two full time jobs at mean wage.

According to Cognitive Market Research, the global Earthquake Insurance market size will be USD 99518.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% 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 39807.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 29855.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 22889.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4975.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% 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 1990.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The life insurance category is the fastest growing segment of the Earthquake Insurance industry

Market Dynamics of Earthquake Insurance Market

Key Drivers for Earthquake Insurance Market

Government Regulations and Incentives to Boost Market Growth

The need for earthquake insurance is significantly increased by laws and regulations from the government. Recognizing the potential financial burden on public coffers following seismic occurrences, policymakers either mandate or promote earthquake insurance for property owners as a risk mitigation strategy. In order to increase community resilience generally, governments may also establish incentives to promote the usage of earthquake insurance. One well-known example of a government-backed initiative to promote earthquake insurance in a state vulnerable to seismic activity is the California Earthquake Authority (CEA). In a similar vein, to stabilize the livelihoods of persons affected by earthquakes, the government of Japan reinsures the earthquake insurance obligations guaranteed by private insurance companies. However, the total amount of reinsurance claims that the government pays out for a single earthquake, etc., must not exceed the cap that the Diet sets for each fiscal year.

For instance, a maximum of 11.7713 trillion yen is possible. The maximum compensation for a single earthquake is 12 trillion yen when liability sharing for private insurance companies is included.

Increased Insurance Policy Adoption Owing to Uncertain Future Events to Drive Market Growth

Certain insurance plans will pay for clients' living expenses until their home is livable again if there is an earthquake on their property and the tragedy renders their home uninhabitable. Customers purchase earthquake insurance for more than simply practical purposes when they purchase it for a house or place of business in the state. They can take comfort in the knowledge that they won't have to worry about the property in the event of an unfortunate event. They will have financial resources to assist them in getting back on their feet even if the earthquake destroys all of their homes and possessions. Consequently, the increased use of it as a result of its value-added benefits is what's driving the growth of the market during the forecast period.

Restraint Factor for the Earthquake Insurance Market

Concerns About Perceived Affordability and Expenses Will Limit Market Growth

Important barriers to the global earthquake insurance market include concerns about the total cost of earthquake insurance as well as the perception that it is affordable. Earthquake insurance can cost anything from $100 to $300 per year in most areas. However, in places like Washington, California, and Oregon that are prone to earthquakes, premiums might be higher. Homeowners in low-risk areas might spend as little as $300 a year, while those in high-risk areas might spend as much as $2,000 annually, according to Forbes Advisor. Owners of real estate in places with low seismic activity may contest the value of earthquake insurance. For instance, homeowners in an area where earthquakes have traditionally occurred infrequently might think of the possibility of a major seismic event.

Impact of Covid-...

Graph and download economic data for All-Transactions House Price Index for San Francisco-San Mateo-Redwood City, CA (MSAD) (ATNHPIUS41884Q) from Q3 1975 to Q1 2025 about San Francisco, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Sacramento-Roseville-Folsom, CA (MSA) (ATNHPIUS40900Q) from Q2 1976 to Q1 2025 about Sacramento, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for San Jose-Sunnyvale-Santa Clara, CA (MSA) (ATNHPIUS41940Q) from Q3 1975 to Q1 2025 about San Jose, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Condo Price Index for San Francisco, California (SFXRCNSA) from Jan 1995 to Mar 2025 about San Francisco, HPI, housing, price index, indexes, price, and USA.