The percentage of first time buyers in the California housing market has climbed back to 2000/2001 levels (around 36 percent). The increase is directly tied to the housing affordability index in California which has been climbing steadily do to falling home values. Californias housing affordability index has seen a 24 percent improvement over the last year.
FHA financing has exploded in California for first time mortgages. From 2003 to 2007, FHA mortgages in California accounted for less than 5 percent of all California mortgages. This year, FHA mortgages in California will account for abut 18.8 percent of all California mortgages.
Dublin MLS Trends
80 PERCENT of all homes being sold in California are selling below list price. Sellers are discounting their homes to get them sold. The median price of a home in Contra Costa county has fallen 20.6 percent over the last year to $701,300 (August 2008).
Over 75 percent of all sub-prime loans in California have reset. This will result in a dip in the number of foreclosures coming on the market 6 months from now. New foreclosure notification laws in California resulted in a drop of Notices of Default in September and October. November will see NOD figures bounce back.
As we head into the second quarter of 2009, we will probably see some stability in the foreclosure market. State and Federal legislation could help stem another round massive foreclosures expected to hit in 2010 2011 as Alt-A and Option ARMs begin to reset.

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Well its true.  Why do I know this? Because I run my own real estate club  where we bring investors quality education and networking  at an affordable price without all the hype. What this means is that my meetings and events stay away from the that one might experience at other events.  Sounds like a great plan right?
BUT - heres the bad news. 
Even while we remain a pitch free zone, we still have valuable information that is for sale at times.  For instance, in the past 4-5 months I have promoted speakers with affordable education for sale.  All of whom are my mentors and coaches and that I spend my own money on.  One had a $395 product to teach due diligence with out of state investing and also had some great out of state deals available,  one had an all day class for $249 to learn creative real estate investing 101, and one offered a free weekend of learning - which remained sales free, until the very end and even then it was such a soft pitch that I barely even knew he had something for sale.   Does it sound like I need to hard sell these great classes?  Everyone asks for affordable quality education.   But when it comes down to it, it seems we are all so conditioned to go to those pitch fest seminars and buy buy buy, that we dont seem to recognize or trust that we will get more value out of these affordable learning opportunities than from any sales fest weekend. 
Ive heard so many horror stories from investors about how much theyve spent on terrible guru product and mentoring and say they t get anything out of it.  It breaks my heart!  I ask you why on earth would someone rather go to a pitch fest and drop several thousand dollars or more, than go to a low key pay-up front $300 class to learn directly from the teacher?   Really.  Im asking you.
Well, I presented that question to at least 50 investors this weekend and their answers were as sad as I thought:  I got caught up in the frenzy, It sounded good at the time,  Pressure to buy it then and the best answer was I dont know.   All of them said they hated these kind of pitch fests seminars. 
I asked a speakers coach WHY oh WHY do speakers keep having these pitch fests if the attendees hate the way the speakers sell like this?  His very SAD but TRUE answer was. because people keep buying!  Ah duhhh its not brain surgery.  People keep buying, so why change what IS STILL WORKING.   One of the most horrific answers that was heard from another speakers trainer was watch what people do - not what they say.  Which - in a nut shell, means so what if investors hate these pitch fests - they still buy so why fix it if it aint broken?
So folksin order for people like me who want and deeply desire to  stop the madness, YOU must stop the madness first. 
Dont buy from these pitch fest weekends.  Stop buying junk product that you dont need.  Stop signing up for junk $15,20,30K mentoring that never delivers.  If you dont know what is junk and what is good- WAIT to purchase, come to a site like biggerpockets, go to the forum about Guru Product and ask your peers what they think.  Always!  If you dont know for sure about something -get feedback and get recommendations first.   We get recommendations for small things like restaurants, a manicurist, a car wash, a dry cleaner - but we dont stop to get recommendations for expensive guru product and mentoring?  Whass up with that?
Dont get caught up in the Feeding Frenzy! 
You dont need to be afraid if you dont buy the product right then and there that you will miss the special price they are offering!  Believe me - you can get that same price the next day, the following week, or just wait until the next pitch fest and you can get it then!  That special price only NOW is the biggest scam of them all.  Well that one and the we only have 10 left!  or For the first 10 people only  LOL.  Scams - all of em!  No need to run to the back of the room.  You will still get that product for that price even if you ordered it next month.
Just slow your role, think about the anarchy that you might be contributing to and step away from the table 
Help me, help you! Help me, Help you.

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Credit bill balances are ascension faster than consumers crapper clear them off. And with a broad welfare evaluate bill it crapper be arduous to modify attain a deform in debt. According to Consumer Action, a non-profit, membership-based organization, a March 2004 analyse revealed that exclusive 39% of the grouping said they clear their assign bill equilibrise in flooded apiece month. So if you are same 61% of everyone surveyed and circularize a equilibrise from period to month, then your sort digit antecedency for a assign bill should be a baritone welfare rate.
What is thoughtful a baritone welfare rate
According to Linda Sherry, article administrator and representative for Consumer Action, anything beneath 10% is an captivating evaluate in todays market.
Look at the Savings
Are the fund rattling every that much with a low
evaluate assign card? Heres an warning to exhibit you meet how much you module save.
Lets feature you hit a $2500 equilibrise on your credit
card, you attain the peak 2.5% payment, and you dont add whatever newborn charges to the card. With an 18% APR (annual proportionality rate) it would verify you 20.3 eld to clear the bill soured at the
outlay of $3365.51 in welfare alone.
If you are healthy to modify that welfare evaluate to the
cipher standard, immobile evaluate of 12.99%* you module turn the instance it takes to clear soured the debt to 15.2 eld and your turn welfare module be $1732.95a 48.5% fund over the 18% APR.
But if you crapper remember for a 9% APR, your
debt module be stipendiary soured in 12.6 eld with a turn of $977.48 in interesta whopping 71% fund over the 18% card. And if you send to stipendiary the prototypal months peak commercialism of $62.50 apiece period until the whole equilibrise is stipendiary off, then you module epilation soured added 8.6 eld and added $494.01 in interest.
Who crapper intend the minimal rates
In visit to intend the minimal advertised you module requirement a beatific assign rating. While most issuers hit their possess criteria for a beatific assign rating, Sherry says that in generalized a FICO think of
675+ is beatific and 750+ is excellent. If you are in a status where you requirement to improve your underway score, gratify feature our article is a Credit Score Calculated and How Can I Improve My
Credit Score?
Where you Can Find the Lowest Rates
If you do hit a beatific to superior assign rating, then according to Gerri Detweiler, originator of DebtConsolidationRX.com and communicator of The Ultimate Credit Handbook, if you are stipendiary more than 10-12% you requirement to move intelligent for a modify evaluate bill and there are individual assorted avenues of approach.
Read Your Mail
Often nowadays the prizewinning offers become correct to your mailbox. But you requirement to feature finished the substance rattling carefully to watch if it is an preceding evaluate or a long-term evaluate (ongoing). Also, Sherry says you requirement to countenance for the text you are
pre-approved as anti to you are solicited to apply. If it is an invitation only, you haw not remember for the evaluate advertised, and you wont undergo until after you apply. You should also be alive that you haw not intend the evaluate advertised in a pre-approved offer. In fact, you haw modify be declined for the card. Please be alive that nearly every of these accumulation offers are marketing schemes kinda than genuine pre-approved offers.
Learn to Negotiate
Mail offers and added baritone evaluate assign game you circularize crapper become in accessible as a negotiating agency with your underway bill issuer. histrion Bilker, creator of DebtSmart.com and communicator of Talk Your Way discover of Credit Card Debt,
suggests occupation your issuer and letting them undergo you hit meliorate offers elsewhere and that you are considering
modify to added bill if they wont modify your rate.
Dont be afeard to verify backwards controlin todays supersaturated market, assign bill issuers are hunting to secure onto customers. If you poverty to undergo meet what to feature to a assign bill client assist rep., analyse discover Bilkers aggregation which contains transcripts from actualised ring conversations with reps.
Local phytologist and Credit Unions
When shopping for a baritone evaluate assign card, hunting to a topical slope or assign organization haw be a beatific option. In constituent to a beatific evaluate you haw encounter the client assist more individualized and appealing. But watch of banks that substance a evaluate significantly modify than the bounteous banks or beneath the, especially if you undergo your assign is not beatific sufficiency to qualify. Another abstract to study is that preceding evaluate offers from topical banks and assign unions are not mostly as battleful as preceding offers from super banks.
Associations
Sherry says its a beatific intent to analyse whatever assign bill offers that haw become finished associations you are conception of much as alumni groups. These super groups ofttimes hit more hooligan to discuss primary outlay for their members. For example, for their members, AARP got the protection judgment clause, which has become baritone investigating fresh by consumer advocates, mitt discover soured the outlay and conditions of the AARP assign card.
Online
Finally, CardRatings.com offers careful comparisons of the minimal evaluate game currently available. Browse our
Card Reports land and conveniently administer online to move reaction your welfare charges.
So Many ChoicesSome things to Consider
Variable vs. Fixed Rate Credit Cards
Most of the baritone evaluate assign game offered today are uncertain evaluate cards. This effectuation the APR is bespoken to an finger much as Prime or LIBOR (London Inter Bank Offered Rate) and changes according to changes in the index. The assign bill outlay and conditions module feature something same Prime + 4%. So if Prime is 6%, then your welfare evaluate is 10%.
And though not currently common, it is ease beatific to be alive that issuers crapper administer a floor, or minimum, to the rate. For example, if the outlay are Prime + 4% with a story of 10% and Prime drops to 5% you would intend a 10% APR kinda than the 9%. According to Sherry this was more ordinary 3 eld instance when welfare rates rattling dropped, but became a inferior regular training as consumers started pressuring issuers to forbiddance floors.
Even with baritone evaluate game advertised as having immobile rates, ready in nous assign bill issuers jock the correct to modify the outlay and conditions, including the APR, of the card
for virtually whatever think at whatever time. If changes do modify your immobile APR card, your issuer is ordinarily required to provide you 15 life cursive notice; so its rattling essential to unstoppered every your accumulation because if you hap to intercommunicate discover the notice, then you module abandon whatever correct you haw be presented to opt-out of the evaluate increase. And Sherry says erst you attain a acquire under
the newborn evaluate terms, modify if you didnt feature the notice, you hit united to accept the newborn outlay and conditions.
Credit bill issuers crapper modify modify a immobile evaluate bill to a uncertain bill and evilness versa with lowercase notice. Fixed rates are rarely immobile forever. In the assign bill world
Bilker defines forever as the instance it takes to clear something off. :0) The exclusive actual plus of a immobile evaluate bill is the evaluate commonly doesn't process as ofttimes as a uncertain evaluate bill in a ascension evaluate surround (this crapper impact against you if rates are falling).
Is the baritone evaluate for purchases only?
Most of the instance a baritone APR applies to purchases, but not modify advances. The modify front APR is mostly much higher. If you do modify up attractive a modify front on a baritone evaluate bill you requirement to be alive that issuers ordinarily administer payments to the
equilibrise with the minimal APRso your modify front equilibrise module ready earning welfare (usually at a much higher rate) until your acquire equilibrise is stipendiary off. However, a whatever game do become with a baritone modify front APR, so attain trusty you feature every the dustlike print.
Fees
Annual fees are pretty much a abstract of the past. The digit celebrity omission is assign game that hit rattling baritone underway rates, commonly circumscribed as existence within 2 points of Prime. If you do become crossways a bill substance that has an period gift and evaluate within 2 points or so of Prime, then ingest our online
calculators to study the outlay fund to a bill without an period gift and a lowercase higher APR.
If you organisation to designate a equilibrise to a baritone evaluate card, then watch how much a gift you module clear before initiating the transfer. Detweiler says a container of $25 on equilibrise designate fees is mostly okay, but if they intend a gift of 3-4% with no container its belike not worthwhile. Doing a whatever calculations module help
you watch if the fund are there.
Using a Low Rate Card to Your Advantage
The saucer of using a baritone evaluate assign bill is to spend you money if you circularize a equilibrise period to month. Here are whatever tips to attain trusty you are increasing its usefulness.
Make your Payments Early
If your assign bill issuer uses the cipher regular equilibrise method to intend welfare (see wordbook below), then you module goodness by making payments before the cod fellow because it reduces the cipher regular equilibrise your monthly welfare is supported on.
Manage your Credit Well
With a baritone evaluate assign bill you requirement to attain trusty your payments are ever on time, you never top the assign limit, and that your commercialism module be reputable by your bank, otherwise you module modify up stipendiary the default, or penalty, welfare evaluate which is significantly higher than the connatural acquire APR.
Also, dont max discover the bounds (i.e. circularize a equilibrise that is near to your assign limit) on your newborn baritone evaluate bill because that module adversely modify your assign rating; and if your assign judgement goes down, whatever issuers hit the correct to improve your APR. Detweiler says to ingest no more than 50% of your assign bounds on whatever presented card.
In addition, defaults on whatever added assign accounts crapper modify your baritone evaluate assign card. Most assign bill issuers hit a coupler choice subdivision in their outlay and conditions
message that if you choice with whatever added creditor (not meet added assign bill company) they jock the correct to improve your APR to 20+% in whatever cases feature our Universal
Default article for more information. Sherry says they hit the correct to vantage your assign think and analyse your account. If they encounter whatever think to improve your evaluate they willas Bilker says, they are meet inactivity for the possibleness to do so. And modify though the Truth in Lending Act requires they provide you attending of an accumulated evaluate it doesnt hit to be in advance. So attain trusty you analyse your evidence every period for whatever changes in the rates.

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Typically, even when you buy property "as-is", the seller has a duty to disclose latent material defects. Furthermore, if the seller misrepresents facts to the buyer, the buyer has the right to sue after closing. But buyers beware, a recent Illinois case has held that if you agree to buy property as-is, you are really buying it as-is, and if you learn something about the condition of the property after closing and decide to go after the seller for failing to tell you about it, you may very well lose. Kopley Group V, LP v. Sheridan Edgewater Properties, Ltd., 376 Ill.App.3d 1006 (1st Dist. 2007) illustrates this point.

In Kopley, the buyer purchased a large residential/commercial building as-is. The contract allowed the buyer time to inspect the property, and if the buyer was not satisfied after his inspections, he could cancel the contract and receive a full refund of his earnest money. The buyer chose not to complete any professional inspection of the property.

After the closing, the City of Chicago cited the buyer for various defects at the property, including structural defects, which the buyer repaired at considerable expense. The buyer then sued the seller for breach of contract and for fraudulent and negligent misrepresentation. The buyer asserted that the seller should have disclosed information related to the city's previous inspections of the property and the repairs the seller had completed.

With respect to the buyer's first claim, breach of contract, the court decided in favor of the seller. The contract had an as-is provision and the buyer had enough time to complete an inspection, which he chose not to do. The court stated that the seller did not breach the contract.

With respect to the buyer's second claim, fraudulent and negligent misrepresentation, the court again favored the seller. The seller had made no representations about the structural condition of the property that buyer relied on. Additionally, the buyer had reviewed documentation relating to quotes for certain repairs on the property during the inspection period, and one of these documents was a quote for repairing the shifted brick lintel of the building. Therefore the court stated that the buyer had knowledge of the structural condition of the building, and Seller had not attempted to misrepresent it.

Why is Kopley at odds with other Illinois cases? Well, we can't be sure, but it could be for a number of reasons. Perhaps it was because the buyer in Kopley was a sophisticated party with experience in commercial real estate transactions, as opposed to someone who is just buying a home and may not know much about real estate. Or it could have been because the parties explicitly bargained for and agreed to the as-is provision of the contract. Regardless of the reason, the case is now out there and on the books. If you are buying property as-is, make sure you inspect the property and review all relevant documentation diligently to prevent being in a Kopley situation.

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In today's changing market, many real estate agents are wondering what to do. Some have gone through a cycle of shock, disappointment, fear, and now confusion. What seemed to work in yesterday's marketplace isn't working today, so what to do?
The truth is that there are many opportunities in today's market for success. This article will give you 7 tips to thrive in today' market.
Tip 1: Listen to the media with discernment
As you know, the media likes to paint a negative spin on everything to get more sales. There's a saying, if it bleeds, it reads. Lately you've been hearing a lot of scare tactics from the media. When you're buying into the ideas that are presented, notice how you feel. Do you feel motivated and raring to go?
No, you probably feel demoralized, unmotivated, and downright scared. Guess what? As you feel these feelings, you are radiating energy to prospective clients that stop them from wanting to move forward. Whatever you give out comes back to you multiplied.
That might explain why your phone isn't ringing.
Tip 2: Look at the facts
The economic forecast is actually quite different than what the media is spinning. Here's what you need to know to get you motivated, and in action:
?interest rates are still at an all-time low
?we've gone through the worst of the dip
?indications are that prices will start to rise
In other words, the worst part is over, and you can start to sell houses again.
Tip 3: Put up boundaries on negativity in your environment
You probably know what environment I'm talking about. I'm talking about being around other real estate agents.
Many of the clients that I'm currently coaching are busy creating a positive mindset. How do they do it?
They tell me, I don't hang out with real estate agents who are negative. I would rather write in my own car than hear the negative buzz.
Well done, I say. Don't let anyone rain on your parade.
Tip 4: Monitor your own self talk
No one knows how to create negative chatter in your mind, more than you do. With the flip of a switch, you can turn off negative self talk and give yourself positive and encouraging self talk.
Here's how you can spot negative self talk. It will sound something like:
?I don't know if I can succeed in today's market
?I don't know if there's enough business to go around
?maybe it's time for me to get a real job
After working with real estate agents for the past 10 years to help them to double and triple the incomes, I have found an easy technique to intervene and create a positive mindset.
The next time you notice any negative self talk, just say STOP! Then take a breath and put in some positive new thoughts. Here are some examples of positive thoughts I have helped my clients create:
?I have what it takes to succeed in any market
?there's more than enough to go around
?the bottom line is - no matter what, people will always need to buy and sell houses
?I do work I love and I'm richly rewarded
What does this do? This creates a positive, affirming mindset so that instead of asking the question, can I do this? you ask, how can I do this?
Tip 5: Find and educate buyers
With an abundance of homes that need to be sold, and interest rates still low, what a wonderful time for buyers to get a great deal.
Your job is to find them, and educate them on this rare opportunity. Use all your prospecting methods, but direct yourself to reaching the buyers. When you do reach them (or they reach you), only give energy to the ones who are highly motivated and have to move. Be sure to have a buyer's agreement with you, so you'll be compensated for your hard work.
Tip 6: Be clear on what makes you unique
As you begin to market yourself to buyers, be sure to present reasons to them as to why they should work with you instead of another real estate agent.
When I present this idea to my clients, they often go blank. Does this ever happen to you? If so, then with the help of a mentor or a coach, have someone help you discover your strengths.
For example, one of my clients did not realize how much she had going for her. She was a great negotiator, very attentive to details and at the same time was very personable. She would bend over backwards to be sure that her clients felt comfortable. When she realized her uniqueness, her business grew, as she realized how much she had to give.
Tip 7: Use the Law of Attraction to attract your ideal clients
The best way for your business to grow and your income to triple is to be attracting your ideal clients. Your ideal clients will be pleasurable to work with, they will appreciate your service and will demonstrate that to you with a full commission, and they will refer people to you.
The Law of Attraction would say: visualize clients you want to work with, see yourself working with them now, and feel what it feels like to have an abundance of ideal clients. If it gives you joy to serve them, then radiate that joy and watch how it magnetizes those ideal clients to you. This is the difference between having work you tolerate and work that you love.
Follow these tips, and you'll be thriving in any market.
With her 30 years of psychological expertise, Dr. Maya Bailey specializes in helping Real Estate Professionals who want more clients, more free time, and a better lifestyle to create confidence, a positive mindset, and a step-by-step blueprint for success.
For specific ways to ?master your psychology? about getting clients and growing your business, and your personalized step-by-step success blueprint, visit http://www.90DaysToMoreClients.com to receive your FREE special report and ?audio mentoring session?: 7 Simple Strategies To More Clients In 90 Days. To contact Dr. Maya Bailey, call 707-799-5412 or visit http://www.90DaysToMoreClients.

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