Cash buyers will rule the real estate market

The CR News Reports© is a copyright publication of Channeled Readings®. These prediction were channeled from our Higher Intelligence Source on March 16, 2010. The topic is REAL ESTATE. Today the housing numbers came out for the month of February, 2010 and they were not good. There was a temporary surge of home sales and new home construction in Q4 2009 and early 2010 that gave people hope. This surge led people and investors to believe that the bottom was set and prices would be going to go up from here. However, foreclosures are still rising, now on prime loans and refi’s. The number of homeowners receiving notices of default is increasing. Now, 3% of all mortgaged homes are in foreclosure or have been repossessed by the banks. In addition, 7% of all mortgages are now delinquent or have been foreclosed on, up from 4% the same time last year, which is almost double from 2009. There’s 5.5 million mortgages that are 90 to 180+ days late and that number is also accelerating. New housing starts were also down in February about 6% as are building permits. With all these factors on housing for the last month how can the media continue to state that there’s a housing recovery? …Go ahead with your predictions and commentary...

“We have predicted before that the housing crisis was far from being over. Foreclosures are indeed accelerating and we predict that 15% of all mortgages will be delinquent or foreclosed on by the summer of 2011. That would be approximately a doubling of the number of foreclosed homes from now.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?