North America Real Estate Market (2024-2030) | Revenue, Value, Outlook, Forecast, Size, Companies, Trends, Growth, Share, Industry & Analysis

North America Real Estate Market Highlights

Report Name	North America Real Estate Market
Forecast period	2024-2030
CAGR	4.5%
Growing Sector	Construction

Topics Covered in North America Real Estate Market Report

North America Real Estate Market report thoroughly covers the market by countries, property and type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Real Estate Market Synopsis

North America Real Estate Market is experiencing significant growth and projected to attain more growth in the coming years due to increasing economic growth, low interest rates, and demographic trends, have fuelled demand for both residential and commercial properties. In the United States, major metropolitan areas continue to see robust activity, with cities like New York, Los Angeles, and Chicago remaining highly sought-after. Meanwhile, Canada has experienced a surge in housing demand, particularly in cities such as Toronto and Vancouver, driven by both domestic buyers and international investors.

According to 6Wresearch, North America Real Estate Market size is expected to grow at a CAGR of 4.5% during 2024-2030. Several factors are driving the growth of North America Real Estate Market such as economic expansion plays a critical role, as improved economic conditions lead to higher employment rates, increased disposable income, and greater consumer confidence, all of which boost demand for real estate. Furthermore, low interest rates have made borrowing more affordable, encouraging both individuals and businesses to invest in property. Technological advancements, such as smart home technology and blockchain for property transactions, are also propelling the market forward by enhancing efficiency and appeal. Additionally, demographic trends, including urbanization and an aging population, are creating specific demand patterns, with younger generations seeking vibrant city living and older adults looking for accessible housing options.

However, North America Real Estate Market faces few restraints such as fluctuations in economic conditions, geopolitical tensions, and changes in interest rates. Rising interest rates, in particular, could dampen borrowing capacity and reduce the attractiveness of property investments. Additionally, stringent regulatory environments, including zoning laws, building codes, and property taxes, can impose operational hurdles for developers and investors. The increasing cost of construction materials and labour shortages also pose significant constraints, potentially leading to delays in project completions and higher final costs for buyers.

North America Real Estate Market: Leading Players

The key players include Lennar Corporation, Equity Residential, Simon Property Group, JP Morgan Chase, Trammell Crow Company. These all companies are growing the market through their innovation and construction, financing facility and modern constructions.

North America Real Estate Market: Government Regulations

North America Real Estate Market is growing and government’s regulation and policies are helping in extension of the market. In the United States, the Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders, making homeownership more accessible for low- to moderate-income families. Additionally, in Canada, the National Housing Strategy (NHS) is a comprehensive initiative aiming to ensure that Canadians have access to affordable housing that meets their needs. This strategy includes the Canada Mortgage and Housing Corporation (CMHC) and various funding programs, such as the First-Time Home Buyer Incentive, which helps make homeownership more attainable for new buyers by offering a shared equity mortgage with the government.

Future Insights of the Market

The future of North America Real Estate Market looks promising due to various factors such as a blend of technological innovation, evolving demographic patterns, and environmental sustainability. Emerging technologies such as artificial intelligence, blockchain, and virtual reality are expected to revolutionize aspects of real estate transactions, property management, and customer engagement. Additionally, demographic trends will continue to play a pivotal role in market dynamics. With younger generations showing a preference for urban living, there will likely be an increased demand for high-density, mixed-use developments that offer both residential and commercial spaces.

Market Segmentation by Countries

According to Ravi Bhandari, Research Head, 6Wresearch, United States' real estate market is poised for substantial growth in coming years driven by several key factors. Firstly, the adoption of innovative technologies such as AI, blockchain, and virtual reality is expected to enhance market efficiency and transparency.

Market Segmentation by Property

Residential real estate market is expected to see significant growth in the coming years driven by several factors. Increasing urbanization and demographic shifts, such as the rise of younger generations preferring city living, will boost demand for high-density residential units.

Market Segmentation by Type

Sales market is forecasted to experience substantial growth in coming years due to the trend of individuals relocating from urban to suburban areas in search of more space—a shift accelerated by remote work—will drive sales in less densely populated regions.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• North America Real Estate Market Outlook
• Market Size of North America Real Estate Market, 2020
• Forecast of North America Real Estate Market, 2030
• Historical Data and Forecast of North America Real Estate Revenues & Volume for the Period 2020 - 2030
• North America Real Estate Market Trend Evolution
• North America Real Estate Market Drivers and Challenges
• North America Real Estate Price Trends
• North America Real Estate Porter's Five Forces
• North America Real Estate Industry Life Cycle
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Property for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Land for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Property for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Land for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Property for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Industrial for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Land for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Sales for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Rental for the Period 2020 - 2030
• Historical Data and Forecast of North America Real Estate Market Revenues & Volume By Lease for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Sales for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Rental for the Period 2020 - 2030
• Historical Data and Forecast of United States Real Estate Market Revenues & Volume By Lease for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Sales for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Rental for the Period 2020 - 2030
• Historical Data and Forecast of Canada Real Estate Market Revenues & Volume By Lease for the Period 2020 - 2030
• North America Real Estate Market - Key Performance Indicators
• North America Real Estate Market - Import Export Trade Statistics
• North America Real Estate Market - Opportunity Assessment By Countries
• North America Real Estate Market - Opportunity Assessment By Property
• North America Real Estate Market - Opportunity Assessment By Type
• North America Real Estate Market - Top Companies Market Share
• North America Real Estate Market - Top Companies Profiles
• North America Real Estate Market - Comparison of Players in Technical and Operating Parameters
• North America Real Estate Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Property

• Residential
• Commercial
• Industrial
• Land
• Others

By Type

• Sales
• Rental
• Lease