Welcome to The Real Estate Investment Club of Austin (REICAUSTIN) in continuous operation since 1995. REICAUSTIN meets once a month on the second Tuesday of each month and is a group of like-minded people with an interest in facilitating real estate related activities regarding the buying and selling of residential and commercial properties. We meet to edify personal successes in real estate, educate each other, and help promote good real estate investing opportunities. All are welcome, active and passive investors, commercial and residential investors, those who service the real estate industry, and others just interested in the world of real estate and want to learn, network, and prosper together. We are a major resource center promoting real estate related activities and assisting you toward your success in the real estate industry.

Attention Homeowners: Are you experiencing any of the following issues?
- Death in the family or vacant house (Non-use of an inherited property?)
- Health issues (Overwhelming medical bills?)
- Divorce (Need to sell the house quickly)
- Disaster (Fire damage, bankruptcy, unpaid insurance claims, lawsuits, etc)
- Pending foreclosure
- Bad tenants
- Pending liens you can not pay at this time
- Soon to be transferred to another location
- You owe more on the house then it is worth

REICAUSTIN can help! REICAUSTIN can sell your property quickly for a fair price!

Please come to REICAUSTIN's monthly meeting or contact us, let REICAUSTIN show you how we can help resolve your conflicts. Let REICAUSTIN put your worries behind you.

REICAUSTIN News You Can use

9 January 2012
Goal setting is the single most important success factor among high achievers. “Power Goals” takes you through the steps that you need to take to make your dreams come true. Come to our monthly meeting tomorrow and let Mr. Renner help your dreams come through.

8 January 2012
According to Reis, Inc. the vacancy rate for the rental market dropped to 5.2% the lowest since 2001. This is a little out of the norm since most households make moving decisions in the second and third quarters. This has brought about an effective ret increase of about 0.5%. Still B/C properties, catering to lower income tenants, found it relatively more difficult to raise rents. In some places developers are rushing to erect new multi-family buildings and rehab old ones. This is more so in areas where there is competition for the same piece of land. Is there a fundamental shift in attitudes toward home ownership that possible might last for several more years? Mr. Richard Key, district manager for Camden Property Trust, one of the largest publicly traded multifamily Real Estate Investment Trusts (REIT) in the nation thinks so.

7 January 2012
Mortgage rates have responded to the jobs report and financial markets to some extent. Go to http://bit.ly/yV5CBk for the rest of the story.

6 January 2012
New virus threatens computer uses without their knowing. Go to http://bit.ly/ylxKuOe to see article for more information.

5 January 2012
Arouse in the other person an eager want - Dale Carnegie
We all, as individuals, have an invested interest in the things we want and believe, but unfortunately for the vast majority of us, nobody else has that same interest. If you want to win friends and influence people, you cannot talk about yourself, do what you want, or invest your time and energy into trying to convert people to your ways and belief. It is only when you put others first, look at their needs, see their wants, place an interest in them as a person, will you be able to win over their hearts and souls.

4 January 2012
The happiest people don't have the best of everything, they just make the best of everything they have. - Anonymous

3 January 2012
Don't criticize, condemn or complain - Dale Carnegie
Everyone should take personal responsibility for their actions. They should contribute to any of the numerous experiences one encounters daily. You should determine how you can support others. Do not just complain about what others say, do, or how they react. It is positive actions that will beget positive responses.

2 January 2012
An interesting phenomenon has been occurring over the last few years and hit a high in 2011. According to Dienhart and Lee with the real estate research firm Hanley Wood Market Intelligence, there has been a high level of homes purchased for cash. This has been a very surprising trend over the last few years. Dienhart and Lee, through their research, found that 38 percent of homes purchased in 2011 were all cash purchases. What is even more interesting is that this percentage is up from 2010’s rate of 34 percent and double the rate set in 2006 of 19 percent. All indications show this trend is due to an increase in cash-paying investors taking advantage of the housing market. Numerous homeowners abandoning their homes and home ownership fueled this trend in 2011. We had an increase in the rental market across the United States and sorry to say an even more increase in people who were homeless in 2011. Another area that helped in the increases was the rise in levels of distressed properties that came on the market nation wide.

1 January 2012
HAPPY NEW YEAR!!!

1 January 2012
Happy Kwanzaa, today is Imani (Faith) the seventh and last day in an original American celebration of family, community, and culture. Today we should believe with all our hearts in who we are as a people, our parents, our teachers, our leaders, and the righteousness and victory of our struggle. Without faith and hope there is nothing to live for in our lives. Hope lets us believe that it can happen and faith is our belief that it will happen. Kwanzaa is our way of getting back to this country's roots, its foundation, and its concern for human value in all of our lives. Let us all embrace these principles this day, for weeks to come, and see that these values are infused in everyone's life this coming year.

21 December 2011
Austin Area Market Statistics for December 2011
Homes Sold:                       1,358    Down   11% from November
Median Sales Price:    $189,300    up         3% from November
Days on Market:                        83    Down   1% from November
Active Listings:                    7,173    Down   18 % from November

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REICAUSTIN Mortgage Analysis for the week ending 21 January 2012

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

Freddie Mac Weekly Primary Mortgage Rate Last update 1/20/2012

National Fixed Rate Mortgage figures go to
http://www.erate.com/mortgage_rates_search.htm

Best Rates update 1/20/2012