Real Estate - How To Stop The Pain

REAL ESTATE

Mediums: The CR News Reports© is a copyright publication of Channeled Readings®. The following predictions on REAL ESTATE were channeled on June 18, 2011 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming…

What Were They Smoking?

In April, 2010, David Crowe, the Chief Economist for the National Association of Home Builders said the housing momentum is being carried forward by low interest rates, pent-up household formations, stabilizing prices and budding employment growth. At this same time, many pundits on the financial news channels were saying that real estate was a better investment than stocks. The “recession is over” crew, the NAR, home builders, and your neighbor who sells real estate were all working overtime to convince people to get out and buy some real estate.

Robert Wagner Out Of A Job

The two biggest providers of reverse mortgages, Wells Fargo and Bank of America, are no longer in the business. The economics of the housing situation pressured them out. Falling home prices are continuing to wipe out any equity a homeowner may have had or expected to have upon retirement.

The Good News Is The Same As The Bad News

People with an interest in selling you real estate are saying that the good news now is that homes have never been more affordable. That’s also the bad news. In our April, 2009 CR News Reports© session on Real Estate entitled, “Real Estate -Far From A Bottom,” we predicted real estate prices would continue falling another 20% – 30% depending on where you live and that 30% of homes with a mortgage would be upside down in a year. Here it is two years later and 1 out of every 4 homes with a mortgage is underwater.

But I Believed What I Heard On The News

How much better off would you be today if you hadn’t listened to the mainstream news and acted on our prediction from early 2009? You would have sold your real estate and still had some equity which you could have invested in gold or silver and made your losses back. Some of our Members did exactly that – they sold all their real estate, invested their equity and made back all or most of their losses. And do you think that now, when “homes have never been more affordable” that they are out buying real estate again? No, they are renting and find themselves in a better financial situation than they’ve ever been in.

It’s Time Again To Listen (Or Not)

A year ago, chief economists and real estate “experts” were saying that the key factor driving housing demand was the job market which was improving rapidly. They also predicted that “excess inventory” due to foreclosures would be worked off by the end of 2011. Do you really believe that the job market is improving rapidly or that all this excess foreclosed inventory is magically going to disappear by the end of the year? Or, are there many more years of pain in store for those who fail to listen to our predictions from Higher Intelligence that have been right on for years?

We would ask our Higher Intelligence source to bring through their predictions and commentary on this and anything else they see as relevant to Real Estate at this time.

… Go ahead with your predictions and commentary…

Voice of Higher Intelligence: predictions

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