Owning a rental property can be a valuable long-term investment, but managing it effectively requires time, consistency, and the right expertise. From maintaining the property to ensuring a smooth experience for tenants, professional property management plays an important role in protecting both the asset and the investment.

For property owners everywhere, working with an experienced real estate team can make a meaningful difference.

Property ownership comes with opportunity, but also responsibility. With the right support and professional guidance, property management can become a more efficient, organized, and rewarding experience.

About Us: At ERA Brokers Consolidated, we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

We produce this report as part of our ongoing commitment to transparency, education, and leadership in the markets we serve. Whether someone is buying their first home, selling an investment property, or simply trying to understand where the market stands, we want them to have access to reliable, thoughtful analysis.

The full 2026 Residential Review is available now at erabrokers.com/research.

About Us: At ERA Brokers Consolidated, we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 1000 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

Our monthly research highlights local data in markets throughout Utah, Nevada, Texas, and California. Whether you’re planning a move, watching the market, or simply seeking to stay informed, we invite you to take a look!

About Us: At ERA Brokers Consolidated, we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

For additional market research, including Demand Snapshots and monthly local market updates throughout Utah, Nevada, California, and Texas, visit erabrokers.com/research

About Us: At ERA Brokers | Colonial | Donahoe we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

About Us: At ERA Brokers | Colonial | Donahoe we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

When asked what to expect in 2025, Neil Walter, CEO for ERA Brokers + Colonial + Donahoe said,

“In 2010, the housing market was too cold. The housing-led recession decimated equity and led to lost jobs throughout the economy. In 2021 the housing market was too hot. Limited supply and covid cash propelled housing demand to new heights. Buying a home meant bidding over ask and prices rising too quickly. In 2025 we expect interest rates to remain in the 6-7% range and prices to rise in the low to mid single digits. There will be reasonable selection for buyers, but it will remain expensive for first-time home buyers and sellers will still be reluctant to sell. This is the more balanced housing market we have needed.”

For additional market research, including demand snapshots and monthly local market updates, visit erabrokers.com or click the link below.

About Us: At ERA Brokers | Colonial | Donahoe we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.

IT IS A DIFFICULT MARKET FOR HOME BUYERS
The current market is difficult for buyers, especially for first time home buyers. Interest rates in the 7% range coupled with record high home prices make payments challenging for first-time home buyers.

“The current market is difficult for buyers, especially for first time home buyers.”

Buyers who are selling a home are bringing equity to the transaction and have an easier time purchasing a home. The net impact of current interest rates and high home prices results in fewer home purchases. This explains the record low number of transactions, even though there are 80 million more people in the United States since 1995. 

SELLERS REMAIN RELUCTANT TO SELL
The vast majority of homeowners have record low interest rates. Those rates may be 4%, 3%, or even 2%. Given these record low interest rates, buying a new home at current rates of approximately 7% means a larger mortgage payment.

While many homeowners want to move, they want to keep their mortgage payment low more than they want to move. This results in fewer homes available to purchase than would normally be the case. This shortage of homes available for sale keeps home prices from falling. 

“While many homeowners want to move, they want to keep their mortgage payment low more than they want to move.”

BUILDERS ARE FILLING THE GAP, BUT NOT TOO AGGRESSIVELY
Builders see opportunity in this market. Large, well-funded home builders are buying down interest rates, covering closing costs, and offering other incentives in an effort to keep buyers coming. They have an advantage over existing home sellers by making it easier to buy. They are building, but not so aggressively so that they drive home prices and builder margins down. 

WHAT TO EXPECT IN 2025
In 2010, the housing market was too cold. The housing-led recession decimated equity and led to lost jobs throughout the economy. In 2021 the housing market was too hot. Limited supply and covid cash propelled housing demand to new heights. Buying a home meant bidding over ask and prices rising too quickly. In 2025 we expect interest rates to remain in the 6-7% range and prices to rise in the low to mid single digits. There will be reasonable selection for buyers, but it will remain expensive for first-time home buyers and sellers will still be reluctant to sell. This is the more balanced housing market we have needed. 

“This is the more balanced housing market we have needed.” 

Neil Walter
CEO

Whether you are buying, selling, renting, investing, or developing, we look forward to assisting you with all of your real estate needs.

For additional market research, including Demand Snapshots and monthly local market updates throughout Utah, Nevada, California, and Texas, visit erabrokers.com

About Us: At ERA Brokers | Colonial | Donahoe we are a brokerage infused with proprietary real estate technology. As part of Brokers Holdings, our organization operates commercial and residential brokerages in Arizona, California, Texas, Nevada, and Utah. With over 800 agents and staff, we collectively close over 5,500 transactions worth more than $2 billion in value annually. In addition, we manage nearly 2,500 property management units worth nearly $1 Billion in value for our clients. Founded in 1982, the firm has been helping clients for more than 40 years.