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REICAUSTIN - Facilitating deals, education, networking and real estate opportunitiesExcellent environment for assisting real estate investorsOne of the largest investment clubs in the Austin areaCelebrating 15 years of helping investors190 Members and Growing

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Daily Inspiration

Corporate Learning Institute's Inspirational Daily Quote

Daily Inspirational Quotes from the Corporate Learning Institute

Inspirational Daily Quote for July 13, 2009
“Let no one ever come to you without leaving better and happier.” Mother Teresa (1910-1997) missionary, Nobel Peace Prize winner
Inspirational Daily Quote for July 10, 2009
“Know your own bone; gnaw at it, bury it, unearth it, and gnaw it still.” Henry David Thoreau (1817-1862) American writer & philosopher
Inspirational Daily Quote for July 9, 2009
“It was when I found out I could make mistakes that I knew I was on to something.” Ornette Coleman
Inspirational Daily Quote for July 8, 2009
“In creating, the only hard thing is to begin: a grass blade’s no easier to make than an oak.” James Russell Lowell
Inspirational Daily Quote for July 7, 2009
“If you can learn from hard knocks, you can also learn from soft touches.” Carolyn Kenmore, Mannequin: My Life as a Model

News You Can Use Last Update 6 July 2009

If you do not know about the HVCC bill then you will soon be in serious trouble and feel its horrible effects. If you are a Real Estate investor or anyone involved in the real estate industry, you need to find out about this bill that went into effect this year. We need everyone to get the word out about this hideous HVCC bill and that it needs to be stopped. We need everyone to go http://www.hvccpetition.com/SignPetition.aspx and sign the petition to get this bill stopped (it is already in effect). This is a call to action!!

For Fannie Mae Economics and Mortgage Market Analysis go to http://www.fanniemae.com/media/economics/index.jhtml

Freddie Mac Weekly Primary Mortgage Rate

July 2, 2009	30-yr	15-yr	5/1-yr ARM	1-yr ARM
Average Rates:	5.32%	4.77%	4.88%	4.94%
Fees & Points:	0.7	0.7	0.7	0.6
Change:	-0.10%	-0.10%	-0.11%	0.01%

For Historical Mortgage Data from Inside Mortgage Finance go to http://www.imfpubs.com/data/

National Fixed Rate Mortgage figures go to

http://www.erate.com/mortgage_rates_search.htm

Best Rates July 2, 2009	Yesterday	Today
30-yr	5.19%	5.14%
15-yr	4.64%	4.58%
FHA 30 Year Fix	5.25%	5.18%
Jumbo 30 Year Fix	5.58%	5.56%
5/1 Year ARM	3.99%	3.94%

Monthly Austin Area Statistics Last updated 1 June 2009

Provided by: Ms. Sophia Cardenas
REALTOR, GREEN, SRS, ECOBROKER
Cell: 512-517-1028
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

This Months Meeting

Meets
2nd Tuesday
each month

Next Meeting
14 July 2009

Speaker
Ms. Stephanie Grahn

Presentation

Austin Energy Conservation Audit and Disclosure (AECAD) and how it affects home sellers

Location and Information

(Click Here)

8500 Building #4

8500 Shoal Creek Blvd.

Austin, Texas 78757-7591

Austin Real Estate Market for April 2009 as published 20 May 2009	2009	Change from April 2008
Active Listings	9,373	--
Houses Sold	1,601	- 18.0%
Median Sales Price	$189,900	+ 1%
Dollar Volume for single-family properties sold	$372,077,203	--
Single family housing inventory for the Central Texas	6.4 months
National housing inventory average	10 months

Source: Austin Board of Realtors

AUSTIN MARKET OVERVIEW May 2009	2009	2008	Percent Change	5-Year Average	2009 Year to Date	2008 Year to Date	Percent Change	5-Year Year to Date Average
New Listings	3,467	4,342	- 20.2%	4,130	16,968	20,615	- 17.7%	19,050
Pending Sales	2,344	2,356	- 0.5%	2,700	8,977	11,152	- 19.5%	11,523
Closed Sales	1,739	2,352	- 26.1%	2,509	6,980	9,731	- 28.3%	9,958
Days on Market Until Sale	76	61	+ 24.1%	62	79	67	+ 18.2%	68
Median Sales Price	$190,560	$192,000	- 0.8%	$179,026	$185,000	$186,500	- 0.8%	$174,700
Average Sales Price	$249,545	$255,391	- 2.3%	$239,125	$234,115	$241,757	- 3.2%	$228,951
Total Active Listings Available	11,628	NA	-	-	-	-	-	-
Percent of Original List Price	93.4%	95.7%	- 2.4%	96.1%	96.1%	94.9%	+ 1.3%	92.5%
Housing Affordability Index	145	134	+ 8.6%	146	-	-	-	-
Months Supply of Inventory	7.2	NA	-	-	-	-	-	-

All data from the ABOR Multiple Listing Service.

Reports are created and maintained by the Minneapolis Area Association of REALTORS®.