OK what happens now with available inventory?

Depends on what you mean by "foreseeable." As a broker, it seems to me that election years are always wonky. Plus there's the threat of a interest rate hike. OTOH, markets are not tanking (at least as I write this) and buyer psychology is generally tied to employment, prospects for the stability of that employment, and also a wealth effect tied to how buyer investments are doing.

We're now heading into what is historically a seasonal slowdown for the holidays, but there are other signs that point to the possibility of a robust spring. I live in a lefty area of Manhattan (95% of my district voted for Clinton) and honestly, my yesterday was spent fielding queries from people who were upset over the election results and wanted to talk about listing in the spring. We'll see how they feel after some time has passed, but we're still overall in a low-inventory situation -- at least in the sub-$3mm market -- and more inventory would be welcomed by buyers, I think.

ali r.

Personally I see a market correction in the not too distant future.

CCL,

SPX at recent highs.
Shakedown justice department days are over.
Over regulation is hopefully over. Drop dead Elizabeth Warren (one can hope at least in political power).
Bank stocks prices are up.
It is not going to cure the oversupply at high end more than $2000/$2500 per sq ft but the rest of the market is not going any where. I would bet that it is at least stable if not up.

Nothing happens to the rich foreigners. They probably like the fact that illegal immigrants can not come in.

>US no longer a safe haven for foreign money.
HUH?

>Markets taking,
Markets taking what?

>decrease in value of the dollar
Huh? Vs. what?

>Depends on what you mean by "foreseeable."

Just to clarify, we didn't elect the wife of the guy who uses these word games.

>Plus there's the threat of a interest rate hike.

Interest rate hike is a good thing. It reflects a more normalized economy and confidence.

>Drop dead Elizabeth Warren

Unnecessary to talk like this about an elected official.