02.11.2012 - How hurricane Sandy's aftermath will affect the housing market's recovery
Hurricane Sandy pummeled the East Coast on Monday, leaving a trail of devastating destruction in its wake. Damages could run as high as $50 billion, according to Eqecat, and hundreds of thousands of homeowners are expected to file claims for flood and wind damage, according to the Consumer Federation of America. Roughly $88 billion worth of homes across eight states were put at risk by the stormís surge, according to Corelogic. In many parts of the country housing has welcomed a nascent recovery. Nationally, home sales have been notably higher this year as compared to last...............................................Full Article: Source
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