Dublin, Jan. 13, 2025 (GLOBE NEWSWIRE) — The “Home Equity Lending Market Report 2024” has been added to ResearchAndMarkets.com’s offering.
The home equity lending market size is expected to see steady growth in the next few years. It will grow to $34.73 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The projected growth during the forecast period can be attributed to several factors, including the shift towards remote work, increasing real estate prices, a rise in home renovation activities, growth in residential properties, and higher disposable income.
Key trends expected in this period include technological advancements and fintech innovations, the adoption of cloud banking software by banks, improvements in the home equity borrowing process, and the use of data-driven tools such as artificial intelligence (AI) and machine learning (ML) to automate banks’ decision-making processes.
The increase in residential properties is expected to drive the growth of the home equity lending market in the future. Residential properties refer to real estate assets used for living accommodations, including single-family homes, apartments, and condominiums. The rise in residential properties can be attributed to factors such as infrastructure development, changes in zoning laws, proximity to workplaces, a growing preference for homeownership, and general inflation. Home equity lending benefits homeowners by allowing them to leverage the increased value of their property, providing funds for improvements, debt consolidation, or other financial needs, which in turn can enhance property value and overall marketability. For instance, according to the Australian Bureau of Statistics, in March 2024, the number of private new house dwellings in Australia reached 30,992, reflecting a 3.7% increase from December and a 14.6% rise since March 2023. Additionally, private and other residential completions rose to 14,844 dwellings, a 5.6% increase compared to December 2023. Therefore, the growth in residential properties has fueled the expansion of the home equity lending market.
Leading companies in the home equity lending market are focusing on adopting advanced solutions, such as real estate finance solutions utilizing eVault technology, to streamline the loan application process, enhance customer experience, and provide flexible financing options tailored to diverse borrower needs. eVault technology enhances the efficiency, security, and compliance of managing electronic loan documents, benefiting both lenders and borrowers by simplifying and securing the lending process. For example, in May 2022, Wolters Kluwer N.V., a Netherlands-based information services company, launched its OmniVault for Real Estate Finance solution. This platform ensures compliance with legal standards and offers a digitally sealed audit trail, improving the security and traceability of digital transactions. The innovative platform uses advanced eVault technology to facilitate digital home equity lending, particularly for Home Equity Lines of Credit (HELOCs) and home equity loans, along with conventional, government-backed, and jumbo first mortgages.
In September 2023, Cerberus Capital Management, a US-based investment firm, acquired Spring EQ for an undisclosed sum. This acquisition marked a strategic move by Cerberus Capital to expand its portfolio by incorporating Spring EQ’s expertise in providing home equity financing solutions. Spring EQ is a US-based company specializing in home equity and purchase loans.
Major companies operating in the home equity lending market are Bank Of America Corporation, HSBC Holdings, 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 .
This report focuses on home equity lending market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Markets Covered:
- By Type: Fixed Rate Loans; Home Equity Line Of Credit
- By Deployment: Online; Offline
- By Service Provider: Banks; Online; Credit Union; Other Service Providers
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $29.23 Billion |
| Forecasted Market Value (USD) by 2028 | $34.73 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Home Equity Lending Market Characteristics
3. Home Equity Lending Market Trends and Strategies
4. Home Equity Lending Market – Macro Economic Scenario
5. Global Home Equity Lending Market Size and Growth
5.1. Global Home Equity Lending Market Drivers and Restraints
5.2. Global Home Equity Lending Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Home Equity Lending Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Home Equity Lending Market Segmentation
6.1. Global Home Equity Lending Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Fixed Rate Loans
- Home Equity Line of Credit
6.2. Global Home Equity Lending Market, Segmentation by Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
6.3. Global Home Equity Lending Market, Segmentation by Service Provider, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Banks
- Online
- Credit Union
- Other Service Providers
7. Home Equity Lending Market Regional and Country Analysis
7.1. Global Home Equity Lending Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Home Equity Lending Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8-29. Country Specific Home Equity Lending Market Analysis
30. Home Equity Lending Market Competitive Landscape and Company Profiles
30.1. Home Equity Lending Market Competitive Landscape
30.2. Home Equity Lending Market Company Profiles
30.2.1. Bank of America Corporation
30.2.2. HSBC Holdings
30.2.3. Toronto-Dominion Bank
30.2.4. BMO Bank N.a.
30.2.5. U.S. Bancorp
31. Home Equity Lending Market Other Major and Innovative Companies
31.1. PNC Financial Services Inc.
31.2. Discover Financial Services Inc.
31.3. Citizens Financial Group Inc.
31.4. M&T Bank Corporation
31.5. Regions Financial Corporation
31.6. Key Corp Limited
31.7. Rocket Mortgage LLC
31.8. Navy Federal Credit Union
31.9. HomeBridge Financial Services Inc.
31.10. New American Funding Inc.
31.11. Zillow Group
31.12. LoanDepot
31.13. PenFed Credit Union
31.14. Simmons First National Corporation
31.15. Network Capital Funding Corporation
32. Global Home Equity Lending Market Competitive Benchmarking
33. Global Home Equity Lending Market Competitive Dashboard
34. Key Mergers and Acquisitions in the Home Equity Lending Market
35. Home Equity Lending Market Future Outlook and Potential Analysis
35.1 Home Equity Lending Market in 2028 – Countries Offering Most New Opportunities
35.2 Home Equity Lending Market in 2028 – Segments Offering Most New Opportunities
35.3 Home Equity Lending Market in 2028 – Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/5tgwm5
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- Home Equity Lending Market
