Title Abstract and Settlement Offices - Market Size, Financial Statistics, Industry Trends
Industry Overview
This U.S. industry comprises establishments (except offices of lawyers and attorneys) primarily engaged in one or more of the following activities: (1) researching public land records to gather information relating to real estate titles; (2) preparing documents necessary for the transfer of the title, financing, and settlement; (3) conducting final real estate settlements and closings; and (4) filing legal and other documents relating to the sale of real estate. Real estate settlement offices, title abstract companies, and title search companies are included in this industry. Cross-References.Source: U.S. Census Bureau
Title Abstract and Settlement Offices Market Size
This report includes historical and forecasted market sizes and industry trends for Title Abstract and Settlement Offices. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Title Abstract and Settlement Offices industry.| Historical | Forecasted | ||||||||||
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| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Title Abstract and Settlement Offices industry.
Geographic Breakdown by U.S. State
Title Abstract and Settlement Offices market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Title Abstract and Settlement Offices companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Title Abstract and Settlement Offices |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Title Abstract and Settlement Offices company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Title Abstract and Settlement Offices industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|---|---|---|
| Industry total | Included |
|
| Legal research & document services | ||
| Title, abstract, & settlement services | ||
| All other operating receipts | ||
| Other document filing & search services | ||
| Legal services, civil law | ||
| Real estate law | ||
| Appraisal services | ||
| Patent, copyright, & other intellectual prop doc filing & search | ||
| Business & commercial law | ||
Compensation and Salary Surveys
Salary information for employees working in the Title Abstract and Settlement Offices industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 2% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Legal Occupations | 57% | |||
| Lawyers, Judges, and Related Workers | 34% | |||
| Lawyers and Judicial Law Clerks | 34% | |||
| Lawyers | 34% | |||
| Legal Support Workers | 23% | |||
| Paralegals and Legal Assistants | 20% | |||
| Paralegals and Legal Assistants | 20% | |||
| Office and Administrative Support Occupations | 35% | |||
| Secretaries and Administrative Assistants | 19% | |||
| Secretaries and Administrative Assistants | 19% | |||
| Legal Secretaries | 14% | |||
| Other Office and Administrative Support Workers | 5% | |||
Government Contracts
The federal government spent an annual total of $2,560,945 on the Title Abstract and Settlement Offices industry. It has awarded 1,024 contracts to 121 companies, with an average value of $21,165 per company.Top Companies in Title Abstract and Settlement Offices and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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