February 2023 Snyder | Bradshaw Group Newsletter

February 2023                  Snyder | Bradshaw Group Newsletter
Experts Forecast a Turnaround in the Housing Market in 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and overall market activity is starting to pick up. All of that’s great news for the housing market this year.
An article from HousingWire offers this perspective:
“The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.”
This year, experts agree we may see the return of greater stability and predictability in the housing market if inflation continues to ease and mortgage rates stabilize. Here’s what they have to say.
The 2023 forecast from the National Association of Realtors (NAR) says:
“While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, . . . mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .”
Bottom Line
If you’re looking to buy or sell a home this year, the best way to ensure you’re up to date on the latest market insights is to partner with a Snyder | Bradshaw Group real estate advisor.
If you have questions, Contact Carol Snyder | 410.271.5448 or [email protected] for your complimentary home evaluation and to discuss your home sale or purchase strategy
Snyder | Bradshaw Group Ranks Among Top Teams
We are honored to be recognized as a top team. This would not be possible without our amazing clients. Thank you for welcoming us into your homes and trusting us with your Real Estate needs.
Cheers to you and to continued success in 2023!
For more information contact Carol Snyder | 410.271.5448 or [email protected]
Jaime Shuman Joins the Snyder | Bradshaw Group
We are excited to welcome Jaime Shuman, Sales Associate, to the Snyder | Bradshaw Group.
Jaime grew up outside of Philadelphia, went on to play collegiate lacrosse and earned her Bachelor’s Degree from James Madison University in Virginia. She currently resides in Maryland with her husband and two-year-old son and baby girl.
Jaime’s professional career was focused on event planning, hospitality, and product development for more than eight years before moving to the real estate industry. She thrives in a challenging environment and an atmosphere where she can help so many people in a truly pivotal chapter of their lives. Jaime’s passion for interior design allows her to creatively assist her clients in envisioning the potential a house has to become a home.
Jaime lived and worked in the downtown area of Baltimore City for nine years. She and her husband were attracted to the beauty of city living. In correlation with the expansion of their family and move to Severna Park, Jaime is well-versed in assisting her clients with their transition to Annapolis and Severna Park communities.
We are happy to have Jaime as a valuable addition to our team!
Market Update
Snyder | Bradshaw Group Featured Sold Listing
Multiple Offers | Under Contract in 3 Days | Sold for 104% of List Price
These sellers utilized the complete complimentary Snyder | Bradshaw Group Staging and Design service package. This vacant home underwent a total staging installation. A true testament to the power of staging, the transformation resulted in multiple offers and minimal days on the market.
We pride ourselves on being Global Real Estate advisors. Sotheby's International Realty has over 1,000 offices in 75 countries and territories. With experts in every part of the world, we are local everywhere, allowing us to walk alongside our clients at every stage of their journey. This month we reached out to our colleges at Aspen Snowmass Sotheby's International Realty and they shared a truly one-of-a-kind property, which has everything you could possibly imagine to enjoy the magic of winter.
We present to you: 427 Silverlode Drive
Mix a private location with wide open, south-facing views of Aspen Mountain along with an easy walk to downtown and the Smuggler, Hunter Creek & Rio Grande trails, and you have a prime venue for enjoying the Aspen lifestyle. A classic log and stone mountain home, 427 Silverlode offers generous living spaces and sun-drenched decks. Featuring five above grade en-suite bedrooms, an upper-level great room, kitchen and master for taking in the views, spacious two car garage and loads of storage space for bikes, skis and more, lower-level family/media room with large bar area, and snow-melted driveway, radiant heat and air conditioning throughout, all behind a private gated entrance make for comfortable year-round living. This is an opportunity to capture magnificent views with the convenience of an in-town location and the benefits of both!
Let us know if you are interested in potentially buying or even visiting Aspen, please contact the Snyder | Bradshaw Group to help at 410.271.5448 or [email protected]
Perk For First Time Homebuyers
First time home buyers get a nice drop in rates! Fannie Mae and Freddie Mac have now removed the LLPAs (loan level pricing adjustment) for first time home buyers. This is welcoming news and perfect
timing for the upcoming spring market. Essentially, the rate adjustments that were there for low down payment loans, are now removed for first time home buyers. This equates to sometimes as much as a .5
drop in interest rate! Call now to get pre-approved or if you have questions regarding this or any of the
mortgage related programs.
Area Manager/VP
Phone: 410-336-8432
Snyder | Bradshaw Group
Carol Snyder & Tina Bradshaw
Contact Us
537A Baltimore Annapolis Boulevard Severna Park MD 21146
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The Snyder | Bradshaw Group is led by two real estate veterans who partnered to create an unmatched real estate experience for their clients. Their extensive real estate knowledge and unique approach have forged an elevated level of customer service that benefits their selling clients and buyers alike.