A report from KPCC in California. "The five year run-up in Southern California housing prices could be coming to an end and homeowners thinking about selling may want to act sooner rather than later, according to economists and a leading real estate broker in Orange County. Even before the election, there had been signs the market was slowing down. But immediately after Trump's surprise victory, there was a significant development: Mortgage rates rose to their highest levels since the summer of 2015 and appear to be headed farther up as investors flee from bonds to stocks."

"'I've heard from sellers – some of whom even voted for Trump – who are a little bit nervous because they've realized values now exceed 2007, which was the ultimate height,' said Steven Thomas, realtor and author of the monthly Orange County Housing Report. 'It feels like values are topping out.'"

The Miami Herald in Florida. "For the past eight months, Miami Beach has waged a war against short-term rentals. Its weapon of choice: $20,000 fines. One property on Meridian Avenue has been walloped three times, totaling $60,000 in fines. The high fines against short-term rentals may lead property owners to rent long-term instead, depreciating the value of the properties because they generate less income from renting, said real-estate broker Ross Milroy."

"'This is diluting the rental pool. With more properties available, people have more choices,' Milroy said. 'It’s starting to bring down rents. Once rental prices come down, prices will follow. It’s decreasing the value.'"

The New York Post. "Holiday specials aren’t limited to flat-screen TVs. The overpriced Manhattan real-estate scene has left some homes lingering on the market for more than four years, prompting huge price cuts that make them ripe for the picking, according to experts and stats compiled for The Post. 'Historically, we are now in the midst of the fastest market adjustment ever,' said Leonard Steinberg, president of the city real-estate giant Compass."

"The prices of some high-end homes have been slashed nearly in half since hitting the market. A penthouse duplex at 165 Perry St. in the West Village has taken the biggest hit, with its asking price dropping 49.8 percent, from $39.8 million more than a year and a half ago to its current $19.8 million. 'The natural forces of markets have kicked in on their own,' Steinberg said."

"There also have been extreme price drops in the much more affordable range, according to statistics compiled for The Post by real-estate Web site StreetEasy. A one-bedroom, one-bath, 700-square-foot unit at The Beekman, a prewar co-op at 575 Park Ave., has been on and off the market since 2013 and was listed for $500,000 last year. This month, it was slashed by 40 percent, to $300,000."

"When a property stays on the market for a while, sellers just want to 'cash out,' leading to the sudden price drops, experts said. An apartment at the Village’s 150 Charles St. has been on the market the longest — 1,355 days, according to Streeteasy. Its original $8.99 million asking price is now down to $7.95 million. 'Someone’s loss is another’s gain,' said Paula Del Nunzio, a top luxury broker with Brown Harris Stevens."