RealtyTrac predictions), the residential properties are worth ~$3.5mm in total (give or take).

We all think we can predict the future, but nobody can. 

This usually works best for something that's mass produced and has a predictable lifespan.

@Russell BrazilThis is about as accurate as any prediction we can come up with (and frankly better than most).

Any predictions how long this situation could last? 

That's true - I cannot predict the future either.

She predictably 'freaked out' after the fact as things were being moved and had already been dropped off at Goodwill. 

If I buy a property in need of work or improvements my after repair/improvement revenues are fairly predictable because they are based on what that market is generating today for a similar property.

I don't know what happens in this case, but do you guys predict a correction to the housing market in NYC?

I feel it's a good question because understanding the causal factors may give us a window into more of a predictive world.