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
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.
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.
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 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.
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.
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
Residential Buildings & Dwellings
Apartments
Houses
Others
Commercial Complexes
Industrial Infrastructure
Government Infrastructure
Sales
Rental
Lease
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 |
|
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. |