REMI offered its observations on Reuters’ examination of the possible consequences that Hurricane Sandy could have for the real estate market in areas affected by the storm, including a rise in rentals and delayed closing on new home sales; REMI is hopeful that Sandy will have minimal effect on the housing market, as home destruction… Read more »
Posts Tagged: hurricane sandy
Hurricane Sandy’s Aftereffects Likely to Dampen Real Estate Market in Northeast
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… Read more »
How Will Hurricane Sandy Impact Real Estate Market’s Recovery?
The U.S. real estate recovery that’s gained strength this year faces a setback from flooding and property damage inflicted by Hurricane Sandy, the biggest tropical gale to hit the Atlantic seaboard. The storm battered homes in Eastern coastal states that account for about one out of every five U.S. real estate sales and threatened inland… Read more »
