Housing Loan Market

Housing Loan Market Regional Analysis: Housing Loan Market Insights and Trends

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The global housing loan market, as per the analysis by TechSci Research in their report titled “Housing Loan Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F,” is witnessing significant growth momentum. This surge is primarily attributed to the flexibility in interest rates offered on housing loans, tailored to suit consumers’ repayment capabilities. Moreover, higher borrowing limits and low interest rates are attracting more customers, thus fueling market expansion.

Housing loans serve as a pivotal financial tool for individuals aiming to purchase a home. These loans establish a contractual agreement between borrowers and lenders, enabling homebuyers to make manageable fixed payments over a specified period, along with accruing interest, rather than paying the entire amount upfront.

In the United States, after a period of record-high home prices, the housing market has faced added pressure from rising mortgage rates. However, recent weeks have seen a decline in mortgage rates, leaving economists divided on the trajectory of home prices. The existing home sales have witnessed a decline over consecutive months, reflecting the impact of mortgage rate fluctuations on buyer eligibility.

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Technological advancements, particularly in artificial intelligence and machine learning, have revolutionized the housing loan industry, fostering greater accessibility across diverse geographic and socioeconomic demographics. These technologies have played a pivotal role in reducing mortgage defaults, particularly through online collection practices adopted post the COVID-19 pandemic. The adoption of National Automated Clearing House (NACH) mandates and automated salary deductions has streamlined EMI payments, offering borrowers the convenience of online payment portals.

Report Scope:

In this report, the global housing loan market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Housing Loan Market, By Purpose:
      • Home Purchase
      • Refinance
      • Home Improvement
      • Construction
      • Others
  • Housing Loan Market, By End User:
      • Employed Individuals
      • Professionals
      • Students
      • Entrepreneur
      • Others
  •  Housing Loan Market, By Tenure :
      • Less than 5 years
      • 6-10 years
      • 11-24 years
      • 25-30 years
  •  Housing Loan Market, By Region:
    • North America
      •  United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • Italy
      • France
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • UAE
      • South Africa
      • Turkey
      • Saudi Arabia
    • South America
      • Brazil
      • Argentina
      • Colombia

The global housing loan market is segmented based on purpose, end user, tenure, region, and competitive landscape. Notably, the home purchase segment experienced significant growth in 2021, driven by factors such as the need for larger homes and rising consumer living standards.

Key market players in the global housing loan market include:

  • Bank of America Corporation
  • Charles Schwab & Co.
  • Citigroup, Inc.
  • Dewan Housing Finance Corporation Limited
  • Goldman Sachs (Marcus)
  • HSBC Group
  • JPMorgan Chase & Co.
  • LIC Housing Finance Limited
  • Morgan Stanley
  • Wells Fargo & Co.

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North America witnessed substantial growth in 2022, attributed to the increasing adoption of digital lending platforms by banking and financial services to enhance financing services.

Mr. Karan Chechi, Research Director at TechSci Research, emphasizes that housing loans offer flexibility in interest rates and monthly payments, catering to diverse needs beyond home purchases. The forecast period is expected to witness significant contributions from online portals, further propelling the global housing loan market.

In conclusion, the report “Housing Loan Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” provides comprehensive insights into the future growth prospects of the global housing loan market, aiding decision-makers in making informed investment decisions and navigating emerging trends, challenges, and opportunities in the housing loan sector.

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