United States real estate sector expected to expand in the near future as the Bank of America Corp (NYSE:BAC) predicted an 8 % growth for 2013 while JPMorgan Chase & Co. (NYSE:JPM) estimated the sector to gain 7 % this week. The bank’s estimates for 2015 tell a growth rate of 14 % while the previous estimates showed the sector to expand by 4.7 %.

The expected growth in the sector is being driven by the movements taken by Federal Reserve to push down borrowing costs by buying mortgage bonds. Moreover, investors and homeowners are rushing to buy a declining supply of properties.

The shares in the real estate sector have more than doubled since the end of 2011. In December 2012 home prices surged 6.8 % compared with a year earlier. The growth rate is still 29 % below the highest level. JPMorgan Chase expects the home prices to expand nearly 4 % in 2014 and 3.2 % in 2015.

Bank of America Corp (NYSE:BAC) stock in last session held volume of 115.43 million shares as compare to its average volume of 161.37 million shares. The stock after opening at $12.12 hit high price of $12.19 and then closed at $12.11.

Looking at the revenue measures, the company generated sales of 57.40 billion in last twelve months with income of $ 2.76 billion. The Company showed a positive 5.03% in the net profit margin and its operating margin is calculated as 3.69%. Company’s annual sales growth for the past five years was -8.04%.

BAC past twelve months price to sales ratio was 2.28and price to cash ratio recorded as 1.18. As far as the returns are concern, BAC return on equity recorded as 1.28% while its return on assets stayed at 0.19%.

JPMorgan Chase & Co. (NYSE:JPM) stock in last session held volume of 26.38 million shares as compare to its average volume of 22.95 million shares. The stock opened at $50.25 hit high price of $51.00 and then closed at $51.00 by rising up 1.67%.

Looking at the revenue measures, the company generated sales of 56.06 billion in last twelve months with income of $ 19.88 billion. The Company showed a positive 21.94% in the net profit margin and its operating margin is calculated as 29.80%. Company’s annual sales growth for the past five years was -4.72%.

JPM past twelve months price to sales ratio was 3.48 and price to cash ratio recorded as 3.63. As far as the returns are concern, JPM return on equity recorded as 10.72% while its return on assets stayed at 0.92%.