TechNavio recognizes the following companies as the key players in the Housing Mortgage Market in US: Bank of America Corp., JPMorgan Chase & Co., US Bancorp, and Wells Fargo & Co.
Commenting on the report, an analyst from TechNavio’s team said: “Since the sub-prime mortgage crisis of 2008, the foreclosure rate has increased at a rapid pace. The high rate of foreclosure led to the oversupply of housing, as it implies a large number of distressed properties entering the market. However, with the improving job market and better economic conditions, the rate of foreclosures is decreasing. This will eventually drive up the housing prices in the US in the future.”
According to the report, one of the major drivers is the increasing demand for home loans in the US. With the improving GDP and per capita income, the market is improving and the purchasing capability of middle- and higher-income groups is increasing.
Further, the report states that one of the main challenges in the market is the high incidence of foreclosures due to high default rates. This is, in turn, increasing the supply of houses in the market, which will eventually drive down the housing prices even further.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/housing-mortgage-market-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Housing Mortgage Market in US 2012-2016
