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"Did anyone go to open houses this weekend? If so, you will see there are probably more buyers than there are properties to buy in Manhattan. Especially good properties. This will significantly impact the market, and will register in most reports about 3 months after it has happened. There could be a wave of buying pre-Obama-tax-hikes. Especially while interest rates are super-low. The over-supply is in Brooklyn/Queens/Jersey, etc."?realitycheck [February State O' the Market Report]