Donald Trump Jr: market not at bottom yet

In an interview with Knowledge@Wharton at the University of Pennsylvania, Donald Trump Jr. said he believes the market has not yet bottomed out, although “there are probably good deals to be made today.” During the beginning of the downward slope of home prices in the U.S., Trump said New York was largely unaffected because it was still a major financial center and tourists could still buy properties at a steep discount because of the weak dollar. “That was working until just recently … And again, prices have held fairly stable. But what we’ve seen is a downturn in velocity,” Trump said.