There’s another doom and gloom report out about the real estate market today. And just like most of the rest of them, it’s based on information that is months old.

I’ll give you that news now - and then I’ll tell you CURRENT news about the reality of what’s happening in the real estate world with a particular mega-money financial company.

According to CNBC:

The S&P/Case Shiller composite index of 20 metro areas fell 1.4 percent in April from March and slumped by a record 15.3 percent over the year.

Of course, if you read my very well-received post “Why The Media Is Giving The Royal Treatment To Old Housing News“, you already know why news from the S&P/Case Shiller index gets so much attention even though the data is always lagging my several months.

However, I have to admit that a positive lining was pointed out in this article:

Bigger declines of 2.0 percent in the month and 15.9 percent from April 2007 had been expected for the 20-city index, according to the median forecast of economists polled by Reuters.

So what we have here is that economists expected things to be worse than they actually were. Yet next month and for years to come, these same economists will be cited as authoritative, and it is their views that will be publicized in the national media, even though their rate of accuracy is so low that it would cause normal people like me or you to lose our jobs.

Here’s what CNBC is saying through this article –

• As of April, the real estate market is still declining, if you consider only the 20 cities that are factored into the Case/Shiller index
• Economists expected things to be much worse than was actually the case

But as it turns out, CNBC is sharing only a tiny part of the whole story - and the part they are sharing is the “doom and gloom” news based on data from months ago. But here’s what’s happening right now that paints a totally different picture:

A report this past Friday on MoneyNews indicates that Goldman Sachs - the venerable investment bank powerhouse - recently made a huge acquisition that is very telling about their opinion of the real estate/mortgage market:

Goldman’s recent acquisition of SIV Portfolio, known initially as Cheyne Finance, reflects the Wall Street firm’s belief that a bottom has been reached, or at least is close.

SIV, a $7 billion structured investment vehicle with headquarters in London, collapsed in August. Goldman’s purchase of the hedge fund portfolio for a restructuring demonstrates a growing optimism at the Wall Street firm.

Why does this matter? It’s because Goldman has its finger on the pulse of business - both in American and worldwide. Their reputation is unmatched in the investment banking business, particularly because they have been relatively unscathed by the mortgage meltdown and credit crisis.

My friend, factor in what’s actually happening now versus all of the news you hear. Real estate market news is generally always multiple months old by the time you hear about it, so I suggest you begin to temper the negativity you hear on the evening news with the news that’s actually happening right now in the financial world.

And right now, the news is getting much, much, much better. As always, your comments and questions are welcomed here at FreeRealEstateTraining.com. And I repeat my claim: Real Estate Investors, The Time Is Now!