U.S. Real Estate Market

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The U.S. Real Estate Market by Property Type (Residential Buildings & Dwellings, Commercial Complexes, Industrial Infrastructure, and Government Infrastructure), and by Business (Sales, Rental, and Lease) – Opportunity Analysis and Industry Forecast, 2024 –2030

Industry: Construction & Manufacturing | Publish Date: 07-Dec-2024 | No of Pages: 99 | No. of Tables: 69 | No. of Figures: 34 | Format: PDF | Report Code : CM1218

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Market Definition

The U.S. Real Estate Market size was valued at USD 3156.7 million in 2023, and is predicted to reach USD 3778.0 million by 2030, at a CAGR of 2.6% from 2024 to 2030.

The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. This expansive sector includes residential real estate, catering to individuals and families, as well as commercial and industrial real estate, focused on business operations and manufacturing. Real estate development involves the creation and enhancement of properties, while real estate investment encompasses acquiring properties for financial gain.

Additionally, a range of professional services, such as those provided by real estate agents and property managers, contributes to the industry's dynamics. Influenced by economic trends, demographic shifts, and regulatory factors, the real estate market is a complex landscape where various stakeholders engage in activities that shape urban environments, support economic growth, and provide investment opportunities.

Rising Influence of Economic Factors Such as Interest Rates is Driving the Market Growth Over the Region

Economic indicators play a pivotal role in steering the dynamics of the real estate industry. The fluctuation of interest rates is a key driver, with lower rates typically boosting demand for real estate due to increased affordability of mortgages. Employment rates serve as a barometer of economic health, influencing consumer confidence and, consequently, the willingness of individuals to invest in property.

Additionally, the overall economic growth, as reflected in the Gross Domestic Product (GDP), is a critical factor shaping the real estate landscape. During periods of economic expansion, rising income levels contribute to greater purchasing power, fostering increased demand for housing and positively impacting the commercial real estate sector.

 

Increasing Need of Remote Work Over the Region is Propelling the Market Growth

The rise of remote work, fueled by technological advancements, has altered preferences for property locations, with a growing emphasis on a higher quality of life over proximity to traditional work centers. Smart home features, including automation systems and energy-efficient technologies, have become significant selling points, enhancing both the desirability and value of properties.

Online platforms have transformed the real estate landscape, offering virtual tours, streamlined transactions, and an abundance of information for buyers and sellers. Data analytics empowers real estate professionals with valuable insights into market trends, property values, and investment opportunities.

Environmental Concern is Significantly Restraining the Market Growth in the Region

Environmental concerns in the real estate industry pertain to the impact of construction and property development on the environment. As awareness of ecological issues increases, governments and communities may enact regulations that enforce eco-friendly construction practices.

This could include requirements for energy-efficient buildings, waste reduction, and sustainable materials. Implementing these measures may raise construction costs, affecting the overall profitability of real estate projects. Thus, investors and developers need to stay informed about evolving environmental standards and incorporate sustainable practices to navigate this restraining factor effectively.

 

Integration of Smart City and Sustainable Development Projects Across the Region Create Ample Market Opportunities

The growing number of smart cities and sustainable development projects over the region is expected to provide ample opportunities in the real estate market in the coming years. These projects focus on creating eco-friendly, tech-savvy urban environments that enhance the quality of life.

As cities face issues of energy efficiency and infrastructure, the real estate sector benefits from constructing environmentally friendly, technologically advanced properties. This trend not only addresses pressing global challenges but also offers a promising future for real estate investors and developers to prosper in a world increasingly focused on sustainability and technology.

 

Competitive Landscape

The market players operating in U.S. real estate market include Keller Williams Realty, Inc., Compass, Anywhere Real Estate Inc, Reliance Network and Home Services of America, eXp Realty., RE/MAX, LLC., CBRE, Century 21 Real Estate LLC, Coldwell Banker and Redfin

The U.S. Real Estate Market Key Segments

By Property Type 

  • Residential Buildings & Dwellings

    • Apartments

    • Houses

    • Others

  • Commercial Complexes

  • Industrial Infrastructure

  • Government Infrastructure

By Business 

  • Sales

  • Rental

  • Lease

Key Market Players:

  • Keller Williams Realty, Inc.

  • Compass

  • Anywhere Real Estate Inc

  • Reliance Network and Home Services of America

  • eXp Realty.

  • RE/MAX, LLC.

  • CBRE

  • Century 21 Real Estate LLC

  • Coldwell Banker

  • Redfin

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 3156.7 Million

Revenue Forecast in 2030

USD 3778.0 Million

Growth Rate

CAGR of 2.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Rising influence of economic factors is driving the market growth over the region.

  • Increasing need of remote work over the region is propelling the market growth.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in the U.S. real estate market are Keller Williams Realty, Inc., Compass, Anywhere Real Estate Inc, Reliance Network and Home Services of America, eXp Realty., RE/MAX, LLC., CBRE, Century 21 Real Estate LLC, Coldwell Banker and Redfin

According to the Next Move Strategy Consulting, the size of the U.S. real estate market is estimated to be at USD 3778.0 million in 2030.

Real estate agents help buyers and sellers navigate the market, negotiate deals, and handle paperwork. They provide expertise and guidance throughout the transaction.

Key challenges in the smart furniture industry are the government policies and environmental concerns.

According to the Next Move Strategy Consulting, the size of the U.S. real estate market is estimated at USD 3156.7 million in 2023.

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