Casandra Properties CEO, James Prendamano, spoke with Tracey Porpora from the Staten Island Advance to discuss how winter temperatures can affect the real estate market. While some businesses are seeing a negative impact with warmer winter temperatures others are doing better.
James was quoted saying, “There are always the critical economic indicators that drive the housing market...Seasonality also plays a role in the heartbeat of the market. Typically, in the winter there’s a bit of a drop in active homebuyers. Weather, the holidays, children’s school year all contribute to that seasonal shift we see during this time. Overall, however, the market is as strong as it has been in quite some time.”