Conveyancing Services in the US
Over the five years to 2017, the Conveyancing Services industry, while still experiencing the sting of the housing market collapse, has recovered substantially. Increases in the number of housing starts and existing home sales, coupled with overall growth in nonresidential construction, have sparked demand for industry services. However, rising home prices and fluctuating mortgage rates continue to threaten industry growth. Moving forward, continued growth in home prices, coupled with a projected increase in the 30-year conventional mortgage rate, will dampen industry growth.
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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