• Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
  • Real Estate Investment Club of Austin
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Daily Inspiration

Corporate Learning Institute's Inspirational Daily Quote
Daily Inspirational Quotes from the Corporate Learning Institute

 

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®.


Copyright © 2008 Real Estate Investment Club of Austin (REICAUSTIN). All Rights Reserved.