How is Real Estate Changing in 2019

How is real estate Changing in 2019 | Market Source Real Estate

 

We sat down with our own Monique Higginson to discuss the real estate forecast for 2019. Here are her thoughts on the current state of real estate in Utah for 2019.

 

Q. What is the state of the market currently?

A. The market is very good as it is spring but it is not as hot as it has been the past few years. Inventories are still low in general.

Q. Is it a ‘buyers’ or ‘sellers’ market right now?

A. Buyers are not as urgent this year. I am finding that they are not willing to compete as much as in years past. It is still a seller’s market but the conditions are much more favorable for buyers this year.

Q. Is the cost of homes still raising at a rapid rate?

A. We expect less appreciation in 2019 than we have been having the last 5-6 years.

 

 

Have questions for Monique? Shoot us an email and we will be sure to address them.

 

 

Best Places to Grab a Coffee In Salt Lake

We have some of the best coffee roasters right here in Salt Lake. The coffee culture is alive and well, whether you are a hot, iced or blended fan, decaf or caf, going for coffee is a social experience that appeals to the masses all year long.

Here are some of our favorite spots to grab a coffee.

Publik Coffee Roasters- Offering 4 unique blends. Beans are sourced from Brazil, Guatemala, Ethiopia, Peru, Planadas and Tolima and roasted in house. Each flavor blend is unique and the profiles range from dark chocolate to nutty. Baristas prepare a beautifully crafted finish, a work of drinkable art. The atmosphere is fun but also can be a great space to plug in and work.

Various Locations

975 S. West Temple

931 E. 900 South

Campos Roastery & Kitchen– The Australian coffee roaster not only has delicious coffee with amazing flavor profiles, but the company also has a social conscience that is evident in their simple statement, “Quality Coffee Cultivated by Good”. Fun vibe, delicious food offering sand a rooftop space opening soon.

228 Edison Street

Millcreek Coffee Roasters – This family owned business, has been roasting coffee in Salt Lake since 1992. They visit the countries of origin to source the beans they roast and are focused on an environmentally-friendly way to produce.  Beans are roasted daily to ensure the best quality and flavor. Free Wi-Fi, breakfast and lunch items are also available.

657 South Main Street

3 Cups-Brewing beans from local roasters, Blue Copper and La Barba, this happening coffee hub has some of the best coffee and treats in town. There are house made savory and sweet items along with some refreshing gelato to add to your daily brew.

4670 South 2300 East

Salt Lake Roasting Company- Founder John Bolton set out to travel the world on a mission to find the best organic, shade-grown beans on the planet. SLRC roasts beans from North, South and Central America. The flavor profiles range from dark roasts to blends and green, unroasted beans are also available. Stop in for a cup and take home a pound.

820 East 400 South

Sugar House Coffee- It really is a community gathering space, and they serve great coffee. Awesome patio, fun and energetic vibe, you will want to linger there so we recommend getting a large coffee and maybe a sandwich.  With locally sourced products wherever possible, it is the perfect spot to spend a few hours.

2011 South 1100 East

Our Favorite Salt Lake Farmers Markets

It is almost that time! Salt Lake farmers markets bring local farmers, producers and purveyors together in a centralized, open-aired market to sell their fresh products to the public. Farmers Markets are popping up all over the state, and we could not be happier. Supporting local is paramount to building our communities, keeping money in our economy and making connections.

 

Here are a few of our favorites:

Sugar House Farmers Market – This family-friendly neighborhood market focuses on local products with a Sugar House flair. Enjoy fresh produce, unique craft artisans and delicious foods on a Wednesday evening.

Fairmont Park

June-October

Wednesdays, 5-8pm

Downtown SLC Farmers Market – Now entering its 28th year as Salt Lake’s long running summer tradition, the Saturday market supports local farmers and producers by offering a variety of fresh fruits, vegetables, grass-fed beef, dairy, eggs, honey and locally made baked goods and other culinary delights.

Pioneer Park

June 8- October 19

Saturdays, 8am-2pm

Liberty Park Farmers Market – one of SLC’s newer markets, this market is great for families with fun kids activities, an art market and a robust produce market.

Liberty Park

June – October

Fridays 4 pm – Dusk

 

Daybreak Farmers Market – This market launched last year and has been a huge hit. Here you will find small producers, local crafted good, organic produce, wild seafood and many other fun vendors creating leather goods, pottery etc.

Daybreak-11274 Kestrel Rise Road

June 1-September 28

Saturdays, 10am-1pm

BEYOND SALT LAKE CITY

Park Silly Market – Entering its 13th season, the Park Silly market takes place on Sundays on Park City’s Main street and includes artisans, local foods, jewelers and local products. The Park Silly market is full of fun vendors, energetic vibe- some folks dress in costume, and great treats.

Park City’s Historic Main Street

June 2-September 22

Sundays, 10am-5pm

A Short History of Sugar House in Salt Lake City

It is no secret that we have a fondness for Sugar House. Its rich history coupled with the area’s current vibe, and thriving communities, make the Sugar House neighborhoods quaint, welcoming and full of opportunity.

How it came to be:

Sugar House was established in 1853, six years after the Mormon pioneers settled in the valley, making it among Salt Lake City’s oldest neighborhoods. Today, the tree-lined streets and character filled bungalows make walking the best way to experience all that Sugar House has to offer.

 

Situated west of the mouth of Parleys Canyon and the area southeast of Salt Lake City, Sugar House is located from 1700 South to 2700 South and 700 East to 2000 East. Sprawling retail developments, eateries and mountain views are just a few of the treasures found here.

What’s in a name?

Sugar House was aptly named in reference to the sugar beet test factory owned by the Deseret Manufacturing Company in the area. The name came about as a suggestion by Margaret McMeans Smoot, the wife of the then mayor of Salt Lake City, Abraham O. Smoot.

 

Sugar House was the home of Utah’s first state prison for nearly a century, operated by the federal government until Utah gained statehood in 1896. Today, the spacious Sugar House Park and Highland High School, occupy the space after a decade long campaign run by businessman Horace Sorensen to turn it into a park. The Legislature passed the statute to create a state park from the old prison site in 1947. The prison was then moved to the point of the mountain in Draper in 1951.

 

Our Tribute: 

Today, Sugar House is booming with local businesses, restaurants and shopping and has become one of the state’s most desirable locations. We admire it so much, we had an artist recreate this historical scene on our building, we think it turned out amazing!

Tips for First Time Home Buyers

Buying your first home is a very exciting time, but first-time homebuyers can also feel a bit anxious if you do not have all the information you need or are not fully prepared for all the costs necessary to buy a home.

 

Here are some things to consider to help you be prepared for your big move.

  • First and foremost, determine a realistic amount for how much you can afford.Consider your current monthly budget, leave room for miscellaneous home costs and repairs, like HOA fees, taxes and insurance. Then determine the amount you can afford for a house payment, considering what percentage of your take-home pay can be used.

 

  • Pay off all debt. Carrying debt will not only decrease the amount you will qualify for but can also add stress to your monthly bottom line
  • Save for a down payment. Having 20% down is ideal, that will get you into a position of not having to pay Private Mortgage Insurance (PMI).
  • Save for closing costs. Typically, closing costs are 3-4% of the purchase price. Once you have a good idea of the home price, you can get to this number easily.
  • Loan pre-approval. Once you have paid off debt and saved for closing cost, it is a good idea to have a lender pre-approve you for a loan. This will help expedite the closing process and give you an idea of what amount you actually qualify for.

 

  • When it comes time to finding the perfect house, research desirable neighborhoods to find the best fit.

 

  • Hire a real estate agent that can help you navigate the maze of open houses and do all the necessary paperwork!