If you've heard about the snowstorm of January 2016 in Nashville then you'll find the video by Tennessee school teacher very entertaining.
Mary Morris from Strawberry Plains TN, created the Adele parody about having cold days, having to keep the kids inside and not even having any snow! Well on January 22 2016, Nashville had the heaviest snowfall since 2003, with about 6 inches coming down!
Mary Morris - “Snow” an Adele "Hello" Parody (OFFICIAL MUSIC VIDEO)
Well...not quite a standstill...but CNN just announced that Dulles airport is going to be closed for 24 hrs due to the snow blizzard.
That really is a sign that the weather is in effect starting to really slow down the machinary of everyday life in the US. It's like the cogs of the machine are starting to get covered in glue instead of oil...and that just slows everything down.
It's interesting to think of the implications of one airport being closed for just a day. The number of people that would be leaving for other parts of the country to do business now starts impacting business on all levels. The number of missed meetings and appointments must be staggering. I guarantee that in the midst of all this chaos there are a number of realtors who have had their lives put into a tailspin because clients can't make it out of their home town to fly in to look at homes or to show up for job interviews etc.
It's actually a great idea for a film script. To start with a flight full of passengers and then follow a few of them and see what the implications of missing a flight are for the rest of the people in their lives. Sooner or later things will impact a real estate deal!
Lets hope the country starts warming up a little so that the economic indicators don't start showing a slow down because of the effects of the weather! Just as things have started to heat up we don't need outside forces to start cooling things down again!!
The recent snow storm in Atlanta GA had more than just a local impact.
One of our TAREG agents, Brian Swain, had a closing scheduled for Friday and the mortgage was being funded by Brand Bank. Everything went smoothly until the snow hit in Atlanta and apparently everything just ground to a halt! Brand Bank is based in Atlanta and unfortunately the weather and snow meant that the loan couldn't be processed as communication lines were down!
Thankfully this is just a temporary set back and the home will close on Monday, but I'm sure the snow in Atlanta had an impact around the rest of the country too!
The recent spate of bad weather has had a direct impact on the home sales figures for the United States. The extreme weather has actually stopped people being able to get out and look at homes. Even the most determined of buyers would have been forced to stay home during the recent blizzards and snow storms. Sellers were also not interested in leaving thier homes for showings.
The overall result of this bad weather has resulted in home sales reported as down and additional declines are expected, according to the National Association of Realtors®.
The impact is something that everyone will will feel. Home sellers in the north of the country where the severe weather was the worst have not been able to sell their homes. This means that they cannot go on to buy another home in say "Nashville" as they had planned. That means the sellers of the Nashville home have had to sit on theri property longer than expected. When property sits for a long time, the usual advice from the listing agent is to reduce the list price to try and get some activity on the home. Now the value of the property has been further reduced as a direct result of the weather!
Lawrence Yun, NAR chief economist, said weather is going to have a direct impact on housing data. “January pending sales, though still higher than one year ago, remain much lower than expected given that a large number of potential buyers are eligible for the expanded home buyer tax credit. Moreover, the abnormally severe and prolonged winter weather, which affected large regions of the U.S., hampered shopping activity in February,” he said.
“We will see weak near-term sales followed by a likely surge of existing-home sales in April, May and June,” Yun said. “The real question is what happens in the second half of the year. If there is sufficient job creation, housing can become self-sustaining with stable to modestly rising home prices because inventory has been trending downward.”
The Government should propbably take this opportunity to extend the deadline for the tax credit in light of the fact that for about 6-8 weeks many people were just not in a position to be able to look at homes or sell their current home.
Here is a useful message from Tim Leeper roofing regarding some of the after effects of the storm when it comes to dealing with insurance claims and adjusters: