We'll know better after January's sales numbers come in but it seems clear that December's real estate sales figures were primarily a response to the looming tax increases related to the Fiscal Cliff. Manhattan produced real estate sales numbers not seen for 25 years. A traditionally slow month for sales witnessed a mini-boom. Most of it was sellers scrambling to close BEFORE the Capital Gains Rate went up from 15% to as much as 23.8%.
We will see.



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