Market mood swings

From the February issue: Snowstorms pummeled New York City last month, snarling traffic and covering sidewalks with shoe-soaking slush. With 36 inches and counting at press time, it was the city’s snowiest January on record.

Unlike other industries, real estate is strongly impacted by the weather — snow storms inspire hot chocolate and huddling under blankets, not tromping through open houses.

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That’s a sentiment expressed by top real estate team (and “Selling New York” stars) the Kleiers, who tweeted on Jan. 27: “Canceled our open house at our new listing at 565 Park — will reschedule in the spring when the snow stops!”

All kidding aside, real estate professionals said last month’s inclement weather had a significant impact on activity. [more]