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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 March 10, 2010
“Fall seven times, stand up eight.” Japanese Proverb
Inspirational Daily Quote for March 9, 2010
“Everybody wants to be somebody; nobody wants to grow.” Johann von Goethe
Inspirational Daily Quote for March 8, 2010
“Courage is resistance to fear, mastery of fear, not absence of fear.” Mark Twain
Inspirational Daily Quote for March 5, 2010
“As human beings, we are endowed with freedom of choice, and we cannot shuffle off our responsibility upon the shoulders of God or nature. We must shoulder it ourselves. It is our responsibility.” Arnold J. Toynbee
Inspirational Daily Quote for March 4, 2010
“Always dream and shoot higher than you know you can do. Don’t bother just to be better than your contemporaries or predecessors. Try to be better than yourself.” William Faulkner (1897-1962) American Novelist and short-story writer won Nobel Prize for Literature in 1949

News You Can use 8 March 2010

After being out of service for nine days due to a denial of service attack and the webmaster having connection problems we are finally up and running. Please accept both the Board of Director’s and the Executive Director’s apologies for the problems that may have been caused to our members and friends. We are in the process of seeing that this downtime will not happen again in the future.

Our monthly meeting will be held on 9 March 2010 at Endurable Investments, LLC. Office located at 3355 Bee Caves Road, Suite 608 (on the second floor), Austin, Texas 78746-6610 for the last time. We will send out a notice to all our members, guests, and friends at the end of this week where we will meet in April. See you tomorrow at 3355 Bee Caves Road.

Ms. Shenoah Peck well known in the Austin Real Estate Market will be our presenter for the 9 March 2010 meeting. Her topic for the evening will be “Central Texas Housing Update and Forecast”. She will feature a review of the 2009 results in Austin and Central Texas and an economic forecast for Austin’s Real Estate Market in 2010.

Here is what to expect from this meeting:

- 2009 Overall Sales Prices compared to 2008, 2007, 2006 and comparing that to her February 2009 forecast (which was quite accurate!)

- 2009 Overall Sales Volumes compared to 2008, 2007, 2006

- 2010 Projections on the Austin area Prices and Volumes

- 2009 Housing Starts vs. 2010 Housing Starts and how that affects the Austin overall market.

- How the Home Buyer Tax Credit affected the 2009 market and how it will continue to affect the 2010 housing market.

- Where we are at in the Real Estate Market Cycle

- Listing some of the strategies that will work best in this market

- What smart investors are investing in today?

Mortgage Analysis for the week ending 6 March 2010

For Fannie Mae Economics and Mortgage Market Analysis

go to http://www.fanniemae.com/media/economics/index.jhtml

Freddie Mac Weekly Primary Mortgage Rate

March 4, 2010	30-yr	15-yr	5/1-yr ARM	1-yr ARM
Average Rates:	4.97%	4.33%	4.11%	4.27%
Fees & Points:	0.7	0.7	0.6	0.6
Change	- 0.08%	- 0.07%	- 0.05%	0.12%

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 March 5, 2010	Yesterday	Today
30-yr	4.90%	4.92%
15-yr	4.30%	4.31%
FHA 30 Year Fix	5.11%	5.11%
Jumbo 30 Year Fixed	6.43%	6.45%
5/1 Year ARM	4.12%	4.12%

Monthly Austin Area Statistics Last updated 20 February 2010

This Months Meeting

Meets
2nd Tuesday
each month

Next Meeting
13 April 2010

Speaker
(TBA)

Presentation

(TBA)

Location and Information

(Click Here)

3355 Bee Caves Road

Building #6 (in rear)

Suite 608 (second floor)

Austin, Texas 78746-6610

Map: http://bit.ly/28mI1M

Austin Real Estate Market for February 2010 as published 18 February 2010	2010	Change from January 2009
Active Listing	8,738	-5.00%
Houses Sold	884	5.0%
Median Sales Price	$179,250	1.0%
Dollar Volume for single-family properties sold	$216,094,684	11.0%
Single family housing inventory for the Central Texas	6.5 months
National housing inventory average

Source: Austin Board of Realtors

AUSTIN MARKET OVERVIEW November, 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	3,316	3,146	5.4%	3,438	3,316	3,146	5.4%	3,438
Pending Sales	1,646	1,338	23.0%	1,840	1,646	1,338	23.0%	1,840
Closed Sales	951	910	4.5%	1,313	951	910	4.5%	1,313
Days on Market Until Sale	79	82	- 3.3%	75	79	82	- 3.3%	75
Median Sales Price	$175,000	$174,000	0.6%	$174,680	$175,000	$174,000	0.6%	$174,680
Average Sales Price	$233,015	$244,729	3.7%	$232,008	$233,015	$224,729	3.7%	$232,008
Total Active Listings Available	10,744	NA	-	-	-	-	-	-
Percent of Original List Price	93.2%	91.2%	2.2%	94.0%	94.0%	91.2%	3.0%	93.2%
Housing Affordability Index	162	156	3.9%	152	-	-	-	-
Months Supply of Inventory	5.9	NA	-	-	-	-	-	-

All data from the ABOR Multiple Listing Service.

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