Wonder
Log in
Research Outline
Prepared for Hyun K. | Delivered September 18, 2019
Real Estate Market Size
Review your project details
Goals
To gain a robust understanding of the US residential real estate market.
View less
Early Findings
Total mortgage debt in the US is
$10.4 trillion
from a total equity of
$26.1 trillion
. This means homeowners have around $15.7 trillion in equity. These figures are from Q1 2019, the latest available from the Federal Reserve.
In percentage terms, this means Americans have 60.2% equity and 39.8% debt as a whole.
The US Census Bureau does offer a
table
on new home sales by value. This is only newly constructed homes, however, not all residential sales.
New home sales in 2018
break down as such: 18,000 under $150,000; 54,000 between $150-199,999; 187,000 between $200-299,999; 153,000 between $300-399,999; 90,000 between $400-499,999; 78,000 between $500-749,999; and 36,000 valued at $750,000 and above.
The
percent distribution
of the above is: 3% under $150,000; 9% between $150-199,999; 30% between $200-299,999; 25% between $300-399,999; 15% between $400-499,999; 13% between $500-749,999; and 6% valued at $750,000 and above.
The
National Association of Realtors
states that 5.34 million sales were completed last year of existing homes.
They also do not offer a breakdown of home sales by price in any of their
published statistics
.
The US Census Bureau does not collect data on number of existing house sales by value. They only offer the
average sales price
each quarter.
Summary Of Our Early Findings Relevant To The Goals
Our initial hour of research found the total size and breakdown of the US residential real estate industry as of Q1 2019.
We did not have time to finish finding or triangulating the total number of existing homes sold in 2018, broken out by value. It is possible this information does not exist in this form, but more work is needed to see if it can be either found or triangulated.
We also did not have time to start building a list of current players in the real estate technology industry.
Please select one or more of the options provided in the proposed scoping section below.
View less