3. Spring buying season is around the corner.

While the results of the changes have yet to be seen, sellers and buyers are heading into the spring season, setting the market up well for the peak buying season.  

"Two of the bigger questions hanging over the housing market right now are, ‘How much pent-up demand is left out there?’ and, ‘Will inventory skyrocket this year as more owners take advantage of the price run-up?’” said John Walsh, DataQuick president.

However, Walsh noted that people will likely have to wait until spring for answer, but luckily that is less than two months away.