The Real Deal New York

Cold winter weather makes mischief with market

Brokers look forward to spring open houses, leaving broken pipes and icy steps behind
By E.B. Solomont | March 16, 2015 03:40PM

From the March issue: New York real estate may be hot, but it’s not immune to freezing temperatures. The so-called Siberian Express, as some dubbed the seasons’ prolonged cold snap, left a trail of ruined open houses and delayed listings in its tracks. While seasonal dips are not new, this year’s exceptional cold, snow and ice made it difficult for some buyers to get around. Now, brokers said, buyers suffering from cabin fever are all the more eager to snag an apartment this spring. [more]