Latest News- Home Equity Lending Market: Mortgage and credit union is expected to lead the Source segment during 2025-2029

The Home Equity Lending Market is being driven by Massive increase in home prices

The Home Equity Lending Market is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 48155.3 million. The Indian housing sector has experienced significant growth due to the increasing population, the necessity for adequate residential and commercial infrastructure, and the shift towards nuclear families. The COVID-19 pandemic has further accelerated this trend, with an increasing number of enterprises and employees embracing remote work, leading to a surge in demand for larger homes. According to estimates, there is currently a shortage of 10 million housing units in urban areas, and this number is projected to reach 25 million by 2030 to accommodate the expanding urban population. This presents a significant opportunity for the home equity lending market to cater to the financing needs of homebuyers in India. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Source
  • Mortgage and credit union
  • Commercial banks
  • Others
• Distribution Channel
  • Offline
  • Online
• Purpose
  • Home Improvement
  • Debt Consolidation
  • Investment
• Loan Type
  • Fixed-Rate
  • Variable-Rate
• Geography
  • North America
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Massive increase in home prices
• Benefits of home equity loan
• Tax deductions for interest payments

However, the market also witnesses some limitations, which are as follows:

• Lengthy procedures
• Fear of losing property
• Hefty closing costs

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Market Scope in Home Equity Lending Market Research Report

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Research Analysis Overview

The Home Equity Lending Market employs risk mitigation strategies to address housing price fluctuations and ensure loan value security. Monetary authorities monitor interest rates to maintain housing space affordability. Second mortgages provide access to lump sum amounts for home improvements or debt consolidation, with tax deductions on interest payments. Outstanding mortgages and real estate values impact regulatory restrictions, while credit unions offer competitive rates for residential real estate loans. Homeowners consider second mortgages for high-interest debt refinancing or home improvement projects, with interest payments added to their outstanding mortgages. Housing prices, loan values, and regulatory restrictions influence the Home Equity Lending Market's dynamics.

Market Research Overview

The home equity lending market is a significant segment of the global specialized consumer services industry, encompassing revenue generated from residential mortgage services. This market is influenced by several factors, including housing prices, loan value, and interest rates. Monetary authorities play a crucial role in mitigating risks associated with home equity lending through regulatory measures. The report by Technavio quantifies the home equity lending market size based on the revenue generated by service providers offering home equity loans and lines of credit. Other specialized consumer services, such as residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services, are excluded from the market analysis.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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