ERA Brokers provide insights and commentary on residential markets on the I-15 corridor from Las Vegas to the Wasatch Front in their 2021 Outlook. It gives a detailed overview of the rental market and explores the most important residential real estate trends including new listings, sales prices, and inventory. This publication showcases ERA Brokers continuous investment in the highest quality research and is distributed to over 100,000 real estate decision makers.
While 2020 supplied a similar number of homes compared with 2019, housing inventory was depleted as demand for homes significantly increased. The increase in demand was fueled by low interest rates and relocation from urban centers like Southern California to smaller communities like Las Vegas, Salt Lake, and St. George.
"As long as there is increased demand from relocations, low interest rates, and tight housing supply, prices will be pressured to rise."
Neil Walter, CEO for ERA Brokers Consolidated said “As long as there is increased demand from relocations, low interest rates, and tight housing supply, prices will be pressured to rise. Looking forward to 2021, we see low interest rates, additional relocations, and rising construction costs, which means for the near term, prices are likely to continue to rise”.
Providing Real Estate Services in Utah, Nevada, and Arizona
ERA Brokers is a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, the organization operates commercial and residential brokerages in Utah, Nevada, and Arizona.
With over 500 agents and staff, ERA Brokers closes over 4,000 transactions worth more than $1 billion in value annually. In addition, it manages nearly 2,000 property management units for its clients.