Whither the Weather: This Winter's Weather's Effects on the Residential Market

The weather is getting a lot of attention for driving the pending results in December. As an agent, you know how snow can keep you and buyers from home showings, but how do we know that the weather was responsible for the slip in contract signings as opposed to other market forces and what does it mean for sales in the months ahead? While the December pending home sales figures signal notably weaker home sales figures in January and February, the next few months of data will be better indicators of the 2014 housing market.