U.S. home sales race to 13-year high; coronavirus disruption looms
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WASHINGTON (Reuters) - U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the brink of a recession.The strong report from the National Association of Realtors on Friday reflected contracts signed in January and early February, before the highly contagious virus swept through the country, severely disrupting economic activity. Economists..