Blame Sandy?

Case Shiller shows another jump up for the country and more disappointing results for the New York Metro area. The seasonally adjusted numbers show a 0.6% increase in the 10 city index for the period from October to November 2012 and a -0.3% decline for New York. While other metro areas including Chicago, Boston and Atlanta showed declines for the October to November period, only New York showed a year over year decrease of -1.2%. Perhaps we can blame Sandy for reducing sales in November.