Conveyancing Services in the US
The Conveyancing Services industry has suffered tremendously due to the credit crisis. The rapid decline of the housing market during the recession caused industry revenue to fall dramatically through to 2011. The industry returned to growth in 2012 and is expected to consistently grow over the next five years, following a dip in 2014, as higher volumes of existing home sales and rising housing starts boost industry performance. In the five years to 2020, the continued recovery of the US real estate property market will be the key driving factor for revenue growth. Furthermore, the house price index is expected to rise and add further value to sales in the real estate market.
This industry is composed of companies and legal practitioners that provide conveyancing services to individuals and corporate clients. Conveyancing, which is the process of transferring ownership of land or property from one person or entity to another, requires specialists to advise parties, prepare documentation and conduct the settlement process. Other industry offerings include arbitration services, expert witness services and assistance with intellectual property claims.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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