Reverse Mortgage Market 2030: Home Equity's Golden Retirement Key
The global reverse mortgage market was valued at USD 1.83 billion in 2023 and is expected to grow steadily, reaching USD 2.71 billion by 2030. This expansion reflects a compound annual growth rate (CAGR) of 5.9% from 2024 to 2030. Market growth is primarily driven by the rising retirement funding needs of an aging population, increasing residential property values, and higher levels of home equity among senior homeowners. Growing awareness and improved understanding of reverse mortgage products are also contributing to their increasing adoption. As more retirees become educated about how reverse mortgages function and how they can be used to supplement retirement income, these financial products are gaining wider acceptance as a viable solution for improving financial security during retirement. The global population is aging at a rapid pace, with the number of individuals aged 65 and above expected to double by 2050. This demographic trend is a significant driver of reverse mortga...