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DD Web • January 9, 2018

Double Down: Salt Lake City’s Housing Market ‘Heating Up’ in 2018

At the beginning of each new year, there is one sure-fire question on everyone’s mind: What does the coming year have in store for us? While we like to make predictions, set goals and plan ahead, we can never fully know what the future holds. But that’s the most exciting (and sometimes scary) part about it!

Nevertheless, everyone loves to try and predict the future. We place bets on football games and horse races, invest in stocks and cryptocurrency and spend billions in lottery tickets each year. Why? Because the prospect of being right is so enticing…and the end result, if in our favor, could possibly change our lives!

It’s no different in the real estate industry, as we become enthralled with forecasting which housing markets will top the nation’s ‘hot list’ each year. And now more than ever. Due to unease caused by the last decade’s housing crash and ever-fluctuating home prices, Americans tirelessly track the up-and-down trajectory of the nation’s housing markets, waiting to ‘break in’ again at just the right time — in just the right market.

Now, as we settle into 2018 and look at predictions for the previous year, we ask ourselves: Were we right? Did we see it coming? Were we able to direct our investments, and those of our clients, successfully?

And for this year: What are the ‘hot markets’ where you can still afford to buy? Where are home prices almost certain to appreciate? The ones with booming economies and high job growth?

Realtor.com recently released their predictions for the top housing markets of 2018 after looking at the number of sales of existing homes and their prices, along with the amount of new home construction in the 100 largest markets (along with economy, population trends, unemployment rates, median household incomes, and other factors). Affordability, along with a strong economy, are top priorities for home buyers this year. And while prices are expected to grow, these ‘hot’ markets will still remain relatively affordable in 2018.

So which housing markets are this year’s big ‘winners?’ Here are the top 10 housing markets of 2018 (as predicted by realtor.com).

Las Vegas, NV
Dallas, TX
Deltona, FL
Stockton, CA
Lakeland, FL
Salt Lake City, UT
Charlotte, NC
Colorado Springs, CO
Nashville, TN
Tulsa, OK

Any surprises? While we were (obviously) thrilled to see Salt Lake City take #6 on the list, we definitely weren’t surprised. According to realtor.com, “Salt Lake City is so hot that potential home buyers will likely need to duke it out with competitors.” If you’re currently in the market to buy a home in Utah’s capital city, you know just how true that statement is!

With the rise of our very own Silicon Slopes — a high tech mecca rivaling Silicon Valley — the housing market is, indeed, hot. Corporations are jumping on the prospect of lower taxes, affordable real estate and a pool of fresh engineering talent from local universities. College students and millennials are flocking to the city due to high job growth and affordability, and Gen Xers with families are buying up homes as soon as they hit the market, particularly in the suburbs.

So, would we bet on the accuracy of this housing prediction? Hands down. With a median home price of $360, 828 and a predicted sales growth of 4.6%, 2018 is looking to be a great year for Salt Lake City’s housing market!
By Stephanie Cline January 21, 2025
Welcome, 2020! We made it through the first week of the New Year and are already excited for what’s to come in this brand new decade. Anything can happen, and we have so much to create! Whether you’re a fan of long-term resolutions or prefer setting smaller, short-term goals, it feels good to start the year off with a desire to change for the better. If you know us, you know our approach at Novation Title has always been goal-centric, not only within our business but in our personal lives and out in the community.  In today’s world where we are constantly connected (and distracted), it’s no wonder that we increasingly find ourselves overwhelmed mentally and physically drained. Often, the issues in everyday life are the ones that prevent us from enjoying the very same everyday life! How can we balance this out? We believe we can do better. That is why we are introducing meditation into our workspace. While meditation has been practiced for over 5,000 years, it is increasingly becoming a necessary way for us to unplug from the modern world. But what, exactly, is it? Meditation is a practice where an individual uses a technique — such as mindfulness — to train attention and thoughts. Mindfulness is awareness, it is a state of peace. It is being in the present moment, intentional and serene. It is the process of being aware of your thoughts while also disconnecting from them so you can connect within. Connecting within is the highest form of intelligence and results in proven mental, emotional and spiritual health benefits. Here are just a few science-based benefits of meditation: Reduces blood pressure Increases serotonin production that improves mood and behavior Improves immune system Increase in energy levels Lessens stress and anxiety Increases happiness and creativity Clarity and peace of mind Increased memory retention and recall Enhances self-awareness and self-acceptance Each one of us, regardless of gender, age or other factors, undergo daily stress and tension at some level or the other. That’s why we’re so excited to introduce #NovationMeditation into our business and we encourage others to join us this year. We can ALL benefit from improved mental and physical health in 2020. Who’s with us?!
By Stephanie Cline November 15, 2024
“Feeling gratitude and not expressing it is like wrapping a present and not giving it.” —William Arthur Ward ‘Tis the season for giving! November officially kicks off the holiday season with America’s favorite foodie holiday — Thanksgiving. It is the month where we are once again reminded of all of the things we are thankful for as we gather with family and friends, stuff ourselves with turkey and pumpkin pie, and watch (a lot) of football. It’s fitting, then, that November has been dubbed National Gratitude Month here in the United States. Americans are encouraged to ‘practice gratitude’ which goes beyond just feeling thankful, and actively showing gratitude by giving back. While ideally it is something we should be practicing all year long, people are more likely to give more generously during the holiday season than the rest of the year. According to the annual Holiday Giving Survey conducted by Harris Poll, more than 3 in 5 Americans (63%) typically donate to an organization or charitable cause in the last two months of the year (known as giving season). Americans are among the world’s most generous people, ranking No. 4 out of 140 countries. Utah has consistently ranked the most charitable state in the nation, coming in second this year behind Minnesota. Beyond the obvious benefit of helping and enhancing the lives of others, research shows that practicing daily gratitude can enhance our own moods, decrease stress and drastically improve our overall level of wellbeing. On average, grateful people tend to be happier, healthier, more physically fit, have a higher income and have much more satisfying personal and professional relationships. It’s a win-win for everyone! The easiest way to practice gratitude is to say THANK YOU to someone who has helped you or impacted your life in a positive way or spending time with a loved one who may be lonely or going through a difficult time. Your words and your time are often the best gifts! -The Novation Team
By Stephanie Cline October 18, 2024
Mission accomplished. Or is it? It is common practice for organizations to summarize their goals and objectives in the form of mission and/or vision statements. For many, they come in the form of a typed out statement hung on a wall, easily forgotten about and only reminded of when a crisis strikes. Or they come in the form of a long-winded, regurgitation of thoughts following a midnight-hour ‘breakthrough’ (see Jerry Maguire). While they are often confused for relaying near identical messages, both serve very different purposes. A mission statement describes what a company wants to do now, and a vision statement outlines what a company wants to be in the future. A mission statement guides the day-to-day operations and decision-making of an organization. It helps in tactical planning and “rallying the troops” around a common short to medium-term goal. A vision statement outlines the long-term view of the organization and why it exists. It attracts people — not just internally but also externally — who believe in the vision of the organization. Your mission, then, brings your vision to life. We believe these statements are the lifeblood of our company. They are something we live and breathe by, because as with anything else, our thoughts become our actions and our actions become our reality. We want our reality to reflect the words written on our walls, the words we use to describe who we are and the words our clients attach to our reputation. To us, they are much more than words. Mission: We believe in making an impact and having purpose within our community. Whether we are protecting real estate investments, giving back to our surroundings or creating opportunity and growth for others. We are here to redefine the experience. Vision: To create an experience that our industry has never seen before . To develop individuals to live by their full potential in all areas of life. To have unlimited growth and make an impact in people’s lives for the better. To empower our team members to dream big so together we can make a difference in our world. Impact. Purpose. Growth. Empower. Create. Dream. These are our words, our actions, our reality, and something we are proud to stand by each and every day. Experience the difference!
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