Sandy to Slow October Home Sales in the U.S. Northeast
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Existing-home sales, a market indicator followed by economists and analysts, probably will slow in the U.S. Northeast for the rest of 2012 as superstorm Sandy disrupts deals, the National Association of Realtors said.
“Closings may be delayed, and a lot occur at the end of the month,” Walter Molony, a spokesman for the group, which is scheduled to report October sales on Nov. 19, said in a telephone interview from Washington. “In theory, you wouldn’t see the impact just in October sales. You’d see it in subsequent months.”