Peer-to-peer lending, or crowdlending to unrelated people done outside of financial institutions has seen robust growth in recent years, especially among homeowners.
National Association of Home Builders’ analysis showed that between 2007 and 2015, the borrower share for those using peer lending has shifted from mostly renters to majority homeowners. LendingClub.com data showed that as of 2015, homeowners make up 60 percent of peer-funded lending, while renters account for 40 percent.
The RE/MAX National Housing Report for November 2015 showed that home sales in were down this month for the third time this year in 53 metros surveyed, falling 22 point 6 percent from sales in October. The median price of homes sold in November was 200 thousand 950 dollars, down 0 point 5 percent month-over-month, making affordability less of an issue in the housing market. The average days on the market for all homes sold was 65 in November, up three days from October. The number of homes for sale in November was 8 point 3 percent less than October and 13 point 3 percent less than last November.