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.
Click here for Things to do and Events happening in Austin, Texas
REICAUSTIN News You Can use
15 May 2013
Lloyd Segal’s very special all-day House-Flipping Boot Camp information is at http://www.reicaustin.org/reicaustin-blog
9 May 2013
National speaker Mr. Lloyd Segal will speak at REICAUSTIN Monthly meeting this Tuesday, 14 May 2013. He is an attorney, mortgage banker, author, and investor. His book Foreclosure Investing was voted “Best Personal Finance book of the Year” by USA Today Book News. We are fortunate to have his speak to our club since he is very busy speaking to various boards of realtors, real estate investors clubs, and service organizations across the country. This will be a incredible, funny and knowledgeable presentation where you will learn about house-flipping than you have learned in the past. We will also have a Q & A session so that all of your questions can get answered. See you at the meeting.
18 April 2013
Austin Market Statistics for March 2013
| Homes Sold | 2,166 | up | 16% | from March 2012 |
| Median Sales Price | $220,000 | up | 10% | from March 2012 |
| Days on Market | 64 | Down | 20 | days from March 2012 |
| Active Listings | 5,218 | Down | 28% | from March 2012 |
| Pending Sales | 2,754 | up | 18% | from March 2012 |
| Months of Inventory | 2.6 | Down | 1.8 | months from March 2012 |
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REICAUSTIN Mortgage Analysis for the week ending 10 May 2013
For Historical Mortgage Data from Inside Mortgage Finance go to
http://www.imfpubs.com/data/
Freddie Mac Weekly Primary Mortgage Rate Last update 5/9/2013
|
National Mortgage Rates Average |
Rate | Points | Change |
| 30 Year firm | 3.42% | 0.7 | + 0.07 |
| 15 Year firm | 2.61% | 0.7 | + 0.05 |
| 1 Year ARM | 2.53% | 0.4 | - 0.03 |
| 5/1 Year ARM | 2.58% | 0.5 | + 0.02 |
National Fixed Rate Mortgage figures go to
http://www.erate.com/mortgage_rates_search.htm
Best Rates update 5/9/2013
| Best Rates | Yesterday | Today |
| 30 Year FIRM | 3.52% | 3.59% |
| 15 year | 2.75% | 2.79% |
| FHA 30 Year Fixed | 3.25% | 3.25% |
| Jumbo 30 Year Fixed | 3.64% | 3.69% |
| 5/1 Year ARM | 2.97% | 2.99% |
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