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Home Equity Lending Market Analysis

The Home Equity Lending Market size is estimated at USD 30.74 billion in 2024, and is expected to reach USD 36.74 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

Loans provided by the global banking industry are observing a continuous increase over the years resulting in an increase in demand for collateral as a risk mitigation strategy by the banks. United States, Canada, Russia, China, and Australia had emerged as countries post covid with the largest increase in y-o-y housing prices leading to an increase in loan value secured through Home Equity lending. With an increase in interest rate by monetary authorities to curb the inflation home equity lending has observed an increase with a comparatively higher price rise of housing markets.

The continuousThe increase in population is resulting in a rising global demand for housing space with a continuous increase in the price of residential spaces. China, the United States, India Germany, and Japan are among the countries with the largest residential real estate and are providing opportunities for Home equity lending businesses to develop. Global rise in real estate prices and the easing of regulatory restrictions are encouraging people to use their homes as collateral for loans.

Technological innovation in the market are leading to an increase in the number of users opting for Home Equity lending. Use of cloud banking software by the banks are reducing the time taken by the users to purchase Home equity loans and data driven tools of AI and ML are automating the decision making process of banks. Developed countries such as United States are observing a sharp rise in homeowner equity in real state and driving business for Home Equity lending in the region.

Home Equity Lending Industry Segmentation

Home equity lending is a type of loan that allows the homeowner to borrow against the equity in their homes. The loan amount is provided on the basis of the difference between the home's current market value and the mortgage balance due in it.

The home equity lending market is segmented by types, by service providers, and by region. By type, the market is segmented into fixed-rate loans and home equity lines of credit. By service providers, the market is segmented into banks, online, credit unions, and others. By region, the market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. The report offers market sizes and forecasts for the home equity lending market in value (USD) for all the above segments.