Ringing in the Manhattan New Year / Rates to Surge??

A: Manhattan rings in 2013 with 4,495 active listings marketed for sale by brokers in the Rebny Listing Service, and 2,334 units in contract awaiting closing. I would look back at 2012 for Manhattan residential real estate and call the year 'the strongest since 2007'. The story is really all about the sustained decline of inventory with strengthening levels of new deal volume. Add it all up, and...