The strong sales in the Manhattan market occurred as housing markets around the country also have shown signs of recovery, after a long wave of foreclosures, with prices still nearly 30% below their peak nationally.

WSJ: Manhattan Sales Continue to Climb

Thanks to this investment from Earlybird, Peak is well positioned to lead this second wave of social gaming growth.

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Since the first wave of cliff-related selling reached its peak in mid-November, the technical evidence indicated that the market was just correcting and not forming a major top.

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