Real Estate Prices Going Back To The 1990′s

CR Daily News Prediction© REAL ESTATE (Predicted July 25, 2010)

REAL ESTATE -  Housing construction and purchases took another drop in June.  Builders of new homes are at the slowest pace in years.  Sales of existing homes decreased for the second month in a row and the index of leading indicators declined for the first time in a year.

Predictions from Higher Intelligence: - “Banks will control the housing market for several years to come.  Even if builders could sell a new home for less than the construction costs, they will not be able to compete with banks selling repossessions for pennies on the dollar.  We see prices rolling back to what they were a decade ago.”

Commentary from the Mediums: Without housing being able to rebound, the economic recovery will be unable to gain speed.  Housing will only start to rebound when banks flush out their inventory of foreclosures, allowing prices to stabilize and builders to once again build new homes.

If you like this CR Daily News Prediction©, you’ll love the CR News Reports© to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member yet? … want to listen to any one of our predictions?

SURVIVAL NEWS PREDICTIONS … we value you as a Member and welcome your referrals. Help your friends and family NOW so they can help themselves Later!

.

The CR News Reports© will inform you ahead of time so you can be prepared, not scared FREE TRIAL

Start my FREE Trial to the CR News Reports© TODAY (no Credit Card req.)

Tags: Banks will control the housing market for several years to come, Builders of new homes are at the slowest pace in years, economic recovery will be unable to gain speed, Housing construction and purchases took another drop in June, prices rolling back to what they were a decade ago