Existing Home Sales Show Promise:
Existing Home Sales were released last week by the National Association of Realtors. Their figures show that December's numbers were down 5.3% for the month and that when you compare January 2009 to January 2008 it was a difference of -8.6%. Both of these numbers received a lot of media attention that used the data to continue to paint a negative picture of the housing industry.
But buried in the report was some news that is very encouraging: Inventories fell to a 2 year low! They reported that the existing home inventory fell to 9.6 months. This is very important because economists believe that once we get close to a 6 month level it will signal the bottom of the housing market. Each month we get closer and closer to that goal. When we get to that level home prices will stabilize and begin to increase. This means that buyers should take advantage of the temporarily low price levels now. Remember you make money when you buy the home not when you sell itJ
What happened to rates last week?
We lost over 70 basis points over the last week causing 30 year fixed interest rates to rise to our highest levels in the past two months.
The slide in interest rates is largely due to the mortgage backed securities market's fear and concern about the proposed "Cram Down" legislation that could potentially give federal bankruptcy judges the ability to unilaterally lower interest rates and principal balances on existing mortgage contracts.
This could cause mortgage holders to lose large sums of money. To offset that potential loss, mortgage rates must rise.
What to watch out for this week:
The are many major economic reports that will hit the market this week. They each have the ability to affect mortgage rates. I will watch these reports closely for you and let you know if there are any big surprises. Let me know if you would like a list of when the reports will be released.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event | Subscribe To My Blog | How I Stay Successful |
Wow! We had a huge crowd of over 300 people at our Intensive Real Estate Workshop in Concord CA today! Del Hargis is truly an inspiration and shared with us tons of great nut and bolt information on what you can do to start taking steps to a real estate investment income. Many feel that they could never get involved because they don't have money, however we learned today it is not your resources that make you wealthy but your resourcefulness!
When pilgrims came to this country they had nothing! Nothing but a huge desire to be independent and succeed. They proved to the world that when you constantly are moving forward toward your dreams and goals you can achieve them and become the best, even if you start with nothing. So get involved in our next event. Learn how you start taking the steps necessary to achieve what you want in life. Are you an observer, or an achiever? The choice is yours.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event |
Did you know that creating funds for your real estate deals and business ventures can be a lot easier than you think? There are several ways to create the capital you need for your endeavors. Too many people let money stop them in their tracks and become paralyzed by fear. Even in this current economic climate creating capital for your projects can be easier than you think. Over the next several weeks I will show you how YOU can create capital. If you are serious about creating success for yourself and your family you need to get educated and surround yourself with people that can help you, you can attend Workshops, Seminars and live Events that you can learn at. When it comes to raising money there are several techniques I've had success with.
- Self Direct your IRA! - Did you know you can use your retirement to invest tax free into many different types of Investment. Stop loosing money in the stock market! Remember that old 401k from you employer five years ago! That is YOUR money!
- Get a CPN Number - Not widely used or known about this could be a great way to get capital.
- Get Involved - Go to city meetings and planning sessions. Network and learn from people that have money you never know who might want to invest in your projects.
- Peer to Peer Lending - Goldmine's on the internet such at www.lendingclub.com and many others!
What would you do if your life depended On it?? The fact is you can get money if you really want it. More millionaires are made in a recession than any other climate. If you would like to learn more register for a FREE Workshop in the CA Bay Area Below!
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event |
Did you know that 74% of the wealthiest individuals in the United States achieved their success though Real Estate Investing and Business Ownership? The key to success is to create multiple streams of income. For instance you can start a business from home in many different arenas and industries. I believe that a business that is Real Estate based has the most potential for success. You can work as a Realtor, a Mortgage Broker and create an income that will fuel your Real Estate Investment business. Personally I started in the financing arena and have since branched out to creating a full time investment income through various strategies and mentors that I have worked with. I still bring my financing expertise to the table in all of these endeavors. The point is you will NEVER achieve real wealth as long as you are an employee of someone else! If you would like to brainstorm different business ideas that you can start from home and achieve massive success we would love to show you several ways to get started with no overhead and very little startup capital.
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event |
SEATING IS LIMITED AND WE ARE EXPECTING ATTENDANCE IN THE HUNDREDS!! JOIN US!
As the Client Development Director for American Pension Services, Del Hargis is committed to assisting people in discovering the many financial benefits of self-directing their retirement plans. Del shares this message with investors across the country: “retirement plans are not about the future, they are about right now!”
Del is a nationally requested inspirational speaker who encourages people to “never judge what you can accomplish today based on what you did not accomplish yesterday!”
Concord Crowne Plaza
45 John Glenn Dr.
Concord, CA 94520 2/28/2009
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event |
The chances of you having tremendous success in Real Estate Investing on your own are extremely slim! That is why you MUST find a mentor as soon as possible! Go to meetings, seminars and REI Clubs and focus on meeting QUALITY people that are willing to help you learn! Nothing comes for free however there are many successful investors out there that are willing to help mentor you for a price. Usually this price is not in dollars but in dedicated work and desire to be successful. When I got started I found a few individuals that were having success and I asked how I could be of service. How do you feel when you get great service? Most want to give back or reciprocate. Find someone who has what you want and offer to serve them, you'd be surprised how much they would want to help you learn and become successful as well. If you would like to be connected to a mentor in your area it is very likely we can help. With a nationwide network of over 2200 investors We can connect you!
Until Next time Here is to your success! Jason Wheeler 866-833-7413 | Come to a FREE Event |



