Press release
Growth In Residential Properties Drives Expansion Of The Home Equity Lending Market Driver: Leading Transformation in the Home Equity Lending Market in 2025
Home Equity Lending Market Share
There has been consistent expansion in the size of the home equity lending market in recent years. The market is anticipated to grow from $29.23 billion in 2024 to $30.58 billion in 2025, with a compound annual growth rate (CAGR) of 4.6%. The significant increase during the historic period is due to factors such as increased property prices, a surge in demand for collateral by banks as a means of risk mitigation, a higher-than-average price appreciation of housing markets, population growth, and an increase in equity of homeowners in real estate.
The market for home equity lending is expected to exhibit stable expansion in the immediate future, ballooning to $36.18 billion by 2029 with a compound annual growth rate (CAGR) of 4.3%. The forecasted development in the coming years can be linked to increased remote work, escalating real estate values, a surge in home refurbishments, growth in residential properties, and an increase in disposable income. Noteworthy trends during the forecast period involve technological evolution and financial technology innovations, the adoption of cloud-based banking software by financial institutions, improvements in the home equity borrowing process, and the automation of bank decision-making processes through the implementation of data-informed tools such as artificial intelligence (AI) and machine learning (ML).
What Is Driving the Growth Trajectory of the Home Equity Lending Market?
The growth of the home equity lending market is projected to be accelerated by the rise in residential properties. Residential real estate assets, encompassing single-family homes, apartments, and condominiums, are poised to grow, propelled by factors including infrastructure enhancement, zoning law adaptations, closeness to workplaces, the trend towards homeownership, and overall inflation. Home equity loans provide a significant assistance to residential properties by giving homeowners the opportunity to leverage the increased value of their property, supplying funds for refurbishments, consolidations, and other necessities that could boost property value and overall market appeal. For instance, the Australian Bureau of Statistics, a government agency based in Australia, reported in March 2024 that private new house dwellings are at 30,992, indicating a 3.7% rise from December and a 14.6% increase since March the previous year. Additionally, both private and other residential completions have seen a growth to 14,844 dwellings, a surge of 5.6% compared with December 2023. Hence, the uptick in residential properties has been a key factor in catalyzing the growth of the home equity lending market.
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Which Leading Companies Are Shaping the Growth of the Home Equity Lending Market?
Major companies operating in the home equity lending market are Bank Of America Corporation, HSBC Holdings PLC, Toronto-Dominion Bank, BMO Bank N.A., U.S. Bancorp, PNC Financial Services Inc., Discover Financial Services Inc., Citizens Financial Group Inc., M&T Bank Corporation, Regions Financial Corporation, Key Corp Limited, Rocket Mortgage LLC, Navy Federal Credit Union, HomeBridge Financial Services Inc., New American Funding Inc., Zillow Group, LoanDepot LLC, PenFed Credit Union, Simmons First National Corporation, Network Capital Funding Corporation, Spring EQ LLC
What Are the Major Trends Shaping the Home Equity Lending Market?
Key players in the home equity loan market are increasingly embracing cutting-edge tools such as the use of eVault technology in real estate finance solutions. This approach aims to simplify the loan application process, better the customer experience, and provide adjustable financial options that cater to diverse borrower requirements. eVault technology bolsters efficiency, safety, and compliance in administering electronic loan documents. This benefits lending parties and borrowers, making the loan process simpler and more secure. For example, Wolters Kluwer N.V., a Dutch information services company, introduced its OmniVault for Real Estate Finance solution in May 2022. The solution adheres to legal regulations and features a digital seal audit trail, amplifying the safety and traceability of digital transactions. This trailblazing platform leverages the latest eVault technology to foster digital home equity loans, expressly for Home Equity Lines of Credit (HELOCs) and home equity loans, as well as traditional, state-supported, and jumbo first mortgages.
What Are the Key Segments of the Home Equity Lending Market?
The home equity lendingmarket covered in this report is segmented -
1) By Type: Fixed Rate Loans, Home Equity Line Of Credit
2) By Deployment: Online, Offline
3) By Service Provider: Banks, Online, Credit Union, Other Service Providers
Subsegments:
1) By Fixed Rate Loans: Standard Fixed Rate Home Equity Loans, Home Equity Loans With No Closing Costs, Short-Term Fixed Rate Loans, Long-Term Fixed Rate Loans, Second Mortgages
2) By Home Equity Line Of Credit (HELOC): Traditional HELOCs, Interest-Only HELOCs, Variable Rate HELOCs, Fixed-Rate Conversion HELOCs, HELOCs With Draw Period Options.
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Which Region Dominates the Home Equity Lending Market?
North America was the largest region in the home equity lending market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home equity lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Home Equity Lending Global Market Report?
- Market Size Analysis: Analyze the Home Equity Lending Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Equity Lending Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Equity Lending Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Equity Lending Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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