Hey everyone, it's James at Yoreevo. New York's #1 commission rebate brokerage with our January 2024* Manhattan Market Update. And basically the trends that we saw - the improvement - that we saw in December continued into January. When we look at the number of contracts signed, we were up 12% versus last January, but last January wasn't that great, so you don't really want to focus on that. You want to compare to normalized levels of demand, and compared to that we are actually up a little bit, so pretty encouraging sign there. When we look at this by price point, nothing too interesting. Moves around month-to-month but this is a chart you really want to focus on. You can see last month we were slightly below normalized levels of demand and this month we are slightly above, and so the credit there goes to mortgage rates. Nothing really happened with mortgage rates this month. They kind of bounced around 6.5%, but that seems to be enough to get buyers off the sidelines. And we're actually seeing a lot more urgency on properties, even properties that have been on the market for a while. So it seems like buyers - well there were some buyers - who were on the sidelines and really ready to get into the market and are using the decline in mortgage rates to do so. I don't know how sustainable that is because I don't get the sense that there are tons of buyers who are really thrilled to buy with a 6.5% mortgage but that's definitely been responsible for the uptick in December and January. When we look at inventory, we're still down a couple percent. We've been bouncing around that down 3% to down 6% year-over-year change for the last 9-10 months. We're going to start lapping those decreases so it's normal to expect these declines to narrow, but the same general story applies on inventory. Less inventory so more urgency for buyers to act on the inventory that is on the market. We look at this by price point, nothing too interesting here. That's really it for January. It's not the most significant month. February and March are much more active. So if we saw these trends continue into February and March that would be much more encouraging. That would really set the direction for the year, but mortgage rates are going to be driving the market. We wanted to congratulate Eric for winning our 2023 New York City Home Sale Survey, he won a $500 Amazon gift card. So if you want to participate in the 2024 survey. Make sure that you're on our mailing list, and of course, we're happy to slice and dice this data however you like. We're happy to help you in your home search, and save you up to 2% on any property in New York City. So thanks for watching and we will see you next month, bye.