The hot summer has turned into a cool winter as we enter the month of December. The summer rental frenzy has come to a close and sales are slower than in the past. Is this to indicate that the state of the market is taking a turn for the worse and the bubble has finally burst? Numerous economists argue both sides, but only one issue is clear; Manhattan prices may not be at their peak, but they are far from down. According to Daniel Baum, COO of The Real Estate Group, NY, rental vacancies are still at record lows since