During my prayer time today, I saw two very short visions that might indicate a big drop in housing prices coming soon.
In the first one, I saw a giant mound of dirt, about 100 feet high. On top of the mound was an unfinished house positioned at the top of the mound, right on the edge of the dirt cliff, which was right in front of me. The house was covered with the black paper-like material that builders apply prior to adding the final outside materials, such as bricks or siding. The roof was flat, not like a normal house. On top of the roof was a big sack of more of the same dirt.
Suddenly, the house slid off the edge and went into a freefall. It remained upright until it hit the ground, which was also made of dirt. As it hit, it collapsed forward a little, again right in front of me. The sack of dirt that was on the roof fell onto the ground and split open, which caused the dirt from the sack to pour out all over the ground.
Since it was an unfinished house, I believe it represented the housing construction market. After the collapse of the housing market in 2008, it was propped up by the Federal Reserve Bank making large purchases of mortgage backed securities. The impact of that crash was so large, it nearly took down the entire financial system. It impacted the housing construction market in nearly every developed nation in the world. The damage would have been much worse if not for the government bail-outs. However, nearly all developed nations are in much greater debt now than in 2008, so bail outs would be much harder to pull off this time.
I believe the ground represents the support level where housing prices will land very hard and very fast. The black color also reminded me of previous market crashes, which have been referred to as black to represent major drops, such as Black Monday and Black Tuesday.
My second vision was even shorter. I saw an upside down roof of a house falling straight down and crashing onto the ground. As it crashed, white dust went everywhere. It happened so fast I did not see where the dust came from or if there was any on the ground before the crash. Since it was the roof of a house, it might be the missing roof from the previous vision. An upside down roof could refer to homeowners being upside down on their mortgages due the drop in the value of their homes.
An alternative interpretation is a sharp drop in the price of silver because of the white dust that went everywhere (silver is called the white metal). Whether it refers to housing or silver, the roof could also represent the upper resistance level that has kept prices from moving any higher. I believe the resistance level is going to drop down very fast and crash into a firm support level.
I shared both of these visions and my interpretations with Jim Reeve, author of The Handbook of Prophetic Trading. He provided the following comments:
“Below are just some thoughts, not firm conclusions. I believe these are market dreams. The concept of “house” is not fully clear. I like the reference to the past as a possible interpretation for the future. In the past, the market crashed because of mortgages, thus housing was the main asset class that tripped the crash into everything else. The next crash may have a different cause, but the result is the same. Asset prices will drop. The market “house” is built upon a mountain of dirt (debt), just like 2008. The house is incomplete in the sense that we’ve not rebuilt our economy, including the literal housing portion.
I like your idea of “black” being an indicator of a Black day. I think that fits the context pretty well. The market “house” falls down the mound of debt because that mountain cannot sustain the asset prices. The dirt on the roof also falls down, which could be something like derivatives that rest upon the asset structure of the market. The “house” is like security for the roof “dirt” (derivative claims) and since the house falls, the underlying value of the contingent (and leveraged) claims must fall as well. So, the mountain is like core debt in the economy and the dirt on the roof is like specific instruments, like credit default swaps, that rest upon the asset price of the “house”.
I agree, the roof could be like upper resistance that falls. It is also the covering of the house. In a sense the FED has been acting like a cover for the house (market), and maybe the falling roof is saying something about the loss of FED credibility. The roof is also a picture of an arrow pointing down. I’ve seen white dust before as silver, so that is a possibility. The idea of being “upside” down also fits.”
This is not a recommendation for homeowners to sell their homes, but it could be a warning to seek God for further confirmation and direction about how to prepare for a potential sharp drop in home prices.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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