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Manhattan Inventory Tops 10k

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Though Manhattan apartment inventory is still low by, er, 1992 standards, it's climbing, and, per UrbanDigs, has passed a psychologically jarring number: 10,000 units for sale. Noah: "I remember when I first got the widget up here on UrbanDigs in an attempt to make this residential marketplace more transparent, and total inventory was around 5,500 or so. All it took was the dismantling of wall street, the worst credit crisis since the depression, ZIRP fed policy, a $700Bln bank rescue plan, the failure of Lehman/AIG, the nationalization—" Okay, mercy. But read on for good thoughts on the alleged recent "uptick" in the market, and more. [UrbanDigs]