A report by EPPARG and EY forecasts that global home equity release volume will hit $56 billion by 2035, primarily driven by the U.S., which is expected to see substantial growth from $5.5 billion to $14.2 billion. Key barriers to growth include limited consumer knowledge, high interest rates, and market-specific issues. The report emphasizes the importance of education to dispel misconceptions and to position equity release as a valid retirement strategy, calling for increased awareness among financial advisors and institutions.
The monetization of home equity is one solution that continues to gain traction as indicated through this very important report.
The biggest market for equity release over the next decade is projected to be the U.S., with volume growth from $5.5 billion to $14.2 billion.
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