I think real estate will do better than stocks or bonds on a relative basis.

In my opinion you want to be overweight cash. Where I would underweight most is stocks.

I have been looking and most properties i have seen and liked are on the market for many weeks contrary to what the brokers make you feel.
I think it will remain somewhat high, a lot of sellers are trying to cash in. Prices will drop somewhat over time through the election.

Europe has big issues
Some of our financial institutions have big issues
Real Estate in NYC will be the safe haven for wealthy Europeans and Asians.
Unemployment and the federal budget remain issues.