Thursday, October 28, 2010

Should Realtor's Really Support Chet Edwards?

It has come to my attention that the "Realtor Party" is supporting Chet Edwards (Democrat) in the upcoming 2010 election for US House District 17.  The article detailed 4 specific "Issues" that Chet Edwards supports and suggests, as a real estate professional, that I should support Chet Edwards also.  This is a little long winded but bear with me, it's worth it!

Below is a list of the 4 items the Realtor Party says Chet Edwards supports and we will take a look at each one of them.
  • Mortgage interest deduction. Protecting the deduction for homeowners and second-home purchasers.
  • Low capital gains tax rates. Retaining a meaningful tax incentive for long-term investment in real property and assuring that real estate investments are taxed at the same rate as other assets.
  • A Competitive Real Estate Market. Fought to prevent large banking conglomerates from taking over locally owned and operated real estate companies.
 The Mortgage Interest Deduction and Low Capital Gains Tax
A couple months ago, Chet Edward's own Party floated a "trial balloon" to gauge public reaction to the thought of removing the ability for property owners to deduct mortgage interest from their federal income tax.  This was essentially a backdoor, middle class tax increase.  A sneaky way for the Democrat party to increase taxes without having to actually say they were raising taxes and according to the Washington Post, Chet votes along Democrat party lines 96% of the time!
Chet Edwards touts himself as a "fiscal conservative".  However, make no mistake, Mr. Edwards is a liberal Democrat who's conservative vocabulary begins and ends in an election cycle!  His voting record proves it!

Lets see how Mr. Edwards voted then compare him against popular Local/State/Federal elected officials:



COUNCIL FOR CITIZENS AGAINST GOVERNMENT WASTE (Lifetime)
Website and Information Source - www.ccagwratings.org
Mission: The CCAGW mission is to advocate the elimination of waste and inefficiency in government through nonpartisan public education programs and lobbying activities.
Chet Edwards 17%


Central Texans Prominent Texans National Leaders

Joe Barton (R) - 77%
Michael Burgess (R) - 77%
John Carter (R) - 61%
John McCaul (R) - 69%

Lloyd Doggett (D) - 20%
Louis Gohmert (R) - 76%
Eddie Bernice Johnson (D) - 7%
Sheila Jackson Lee (D) - 5%
Pete Sessions (R) - 87%

John Boehner (R) - 74%
Eric Cantor (R) - 76%
Barney Frank (D) - 11%
Steny Hoyer (D) - 6%
Nancy Pelosi (D) - 6%
Mike Pence (R) - 94%
NTU - NATIONAL TAXPAYER UNION (2009 Rating)
Website and Information Source - www.ntu.org
Mission: National Taxpayers Union (NTU) is America's independent, non-partisan advocate for overburdened taxpayers. NTU mobilizes elected officials and the general public on behalf of tax relief and reform, lower and less wasteful spending, individual liberty, and free enterprise. Founded in 1969, we work at all levels for the day when every taxpaying citizen's right to a limited government is among our nation's highest democratic principles
Chet Edwards F


Central Texans Prominent Texans National Leaders

Joe Barton (R) - B
Michael Burgess (R) - A
John Carter (R) - B+
John McCaul (R) - B+

Lloyd Doggett (D) - F
Louis Gohmert (R) - A
Eddie Bernice Johnson (D) - F
Sheila Jackson Lee (D) - F
Pete Sessions (R) - A

John Boehner (R) - B+
Eric Cantor (R) - B+
Barney Frank (D) - F
Steny Hoyer (D) - F
Nancy Pelosi (D) - N/R
Mike Pence (R) - A
CLUB FOR GROWTH (2009)
Website and Information Source - www.clubforgrowth.org

Club for Growth is a national network of thousands of pro-growth Americans, from all walks of life, who believe that prosperity and opportunity come through economic freedom. We work to promote public policies that encourage a high growth economy and a swift return to America's founding principles primarily through legislative involvement, issue advocacy, research, training and educational activity.

Club for Growth Policy Goals:
  • Reduce income tax rates
  • Death tax repeal
  • Limited government through limited spending (budget reform)
  • Social Security reform with personal retirement accounts
  • Expanding trade freedom (free trade)
  • End abusive lawsuits through medical malpractice and tort reform
  • Replacing the current tax code (flat tax, fair tax)
  • School choice
  • Regulatory reform and deregulation
Chet Edwards 40%


Central Texans Prominent Texans National Leaders

Joe Barton (R) - 85%
Michael Burgess (R) - 90%
John Carter (R) - 89%
John McCaul (R) - 93%

Lloyd Doggett (D) - 13%
Louis Gohmert (R) - 97%
Eddie Bernice Johnson (D) - 0%
Sheila Jackson Lee (D) - 0%
Pete Sessions (R) - 98%

John Boehner (R) - 86%
Eric Cantor (R) - 92%
Barney Frank (D) - 4%
Steny Hoyer (D) - 4%
Nancy Pelosi (D) - 7%
Mike Pence (R) - 99%
AMERICANS FOR TAX REFORM (110th CONGRESS)
Website and Information Source - www.atr.org
Mission: ATR opposes all tax increases as a matter of principle.
Chet Edwards 5%


Central Texans Prominent Texans National Leaders

Joe Barton (R) - 95%
Michael Burgess (R) - 90%
John Carter (R) - 100%
John McCaul (R) - 100%

Lloyd Doggett (D) - 5%
Louis Gohmert (R) - 100%
Eddie Bernice Johnson (D) - 5%
Sheila Jackson Lee (D) - 0%
Pete Sessions (R) - 95%

John Boehner (R) - 100%
Eric Cantor (R) - 100%
Barney Frank (D) - 5%
Steny Hoyer (D) - 5%
Nancy Pelosi (D) - 5%
Mike Pence (R) - 95%

Chet's overall voting record on cutting taxes and stemming waste and growth of government is a resounding FAILURE.  When compared to true fiscal conservatives such as Mike Pence, Pete Sessions and Michael Burgess, Chet is a fiscal progressive/liberal democrat!

Competitive Real Estate Market - (Chet) Fought to prevent large banking conglomerates from taking over locally owned and operated real estate companies.

Where does Chet Edwards vote when it comes to empowering the private sector to create jobs?  Where does Chet vote when it comes to the Federal Government (Our country's largest conglomerate) taking over companies and banks?  This voting record should give us exclusive insight to how Mr. Edwards would prevent large conglomerates from taking over locally owned and operated real estate companies and businesses.

Lets Take a look:


AMERICANS FOR PROSPERITY (110thCongress)
Website and Information Source - www.americansforprosperity.org
Mission: Americans for Prosperity™ (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots activists of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.
Chet Edwards F-


Central Texans Prominent Texans National Leaders

Joe Barton (R) - A+
Michael Burgess (R) - A+
John Carter (R) - A+
John McCaul (R) - A

Lloyd Doggett (D) - F
Louis Gohmert (R) - A+
Eddie Bernice Johnson (D) - F-
Sheila Jackson Lee (D) - F-
Pete Sessions (R) - A

John Boehner (R) - A+
Eric Cantor (R) - A+
Barney Frank (D) - F-
Steny Hoyer (D) - F-
Nancy Pelosi (D) - F
Mike Pence (R) - A+
NATIONAL FEDERATION OF INDEPENDENT BUSINESS (110TH CONGRESS)
Website and Information Source - www.nfib.com
Mission: NFIB’s mission is to promote and protect your right to own, operate and grow your business.
Chet Edwards 64%


Central Texans Prominent Texans National Leaders

Joe Barton (R) - 82%
Michael Burgess (R) - 73%
John Carter (R) - 82%
John McCaul (R) - 73%

Lloyd Doggett (D) -55%
Louis Gohmert (R) - 78%
Eddie Bernice Johnson (D) - 60%
Sheila Jackson Lee (D) - 70%
Pete Sessions (R) - 91%

John Boehner (R) - 90%
Eric Cantor (R) - 91%
Barney Frank (D) - 64%
Steny Hoyer (D) - 64%
Nancy Pelosi (D) - 50%
Mike Pence (R) - 73%
U. S. CHAMBER OF COMMERCE (LIFETIME)
Website and Information Source - www.uschamber.com
Mission: Our core mission is to fight for business and free enterprise before Congress, the White House, regulatory agencies, the courts, the court of public opinion, and governments around the world.
Chet Edwards 63%


Central Texans Prominent Texans National Leaders

Joe Barton (R) - 90%
Michael Burgess (R) - 88%
John Carter (R) - 94%
John McCaul (R) - 92%

Lloyd Doggett (D) -34%
Louis Gohmert (R) - 85%
Eddie Bernice Johnson (D) - 43%
Sheila Jackson Lee (D) - 42%
Pete Sessions (R) - 94%

John Boehner (R) - 93%
Eric Cantor (R) - 96%
Barney Frank (D) - 25%
Steny Hoyer (D) - 32%
Nancy Pelosi (D) - 26%
Mike Pence (R) - 90%


Bottom line is..  Chet Edwards is a fiscal liberal and bad for Bryan and College Station's Real Estate Market.  Its easy to break through the half truths and smoke in mirrors of campaigning rhetoric with actual voting records. 

This Realtor / Broker is fully backing the Bill Flores campaign because Bill Flores' policies protect small businesses, lower taxes and reduce overly burdensome regulation and government.  I encourage you to seek the truth before you vote!

Trent Owens
Realtor / Broker



**The information derived for this article came directly from the cited public sources. Any needed corrections should be directed to the named source site.

Thank you to CheckOutChet.Com for compiling the information used in this article.

Monday, October 4, 2010

Bryan & College Station Real Estate: Texas Adds 133,100 Jobs in Last 12 Months

Bryan & College Station Real Estate: Texas Adds 133,100 Jobs in Last 12 Months: "Good news for Texas and our Bryan / College Station economy! The Texas' economy gained 133,100 jobs from August 2009 to August 2010, whic..."

Bryan & College Station Real Estate: The State of our Market

Bryan & College Station Real Estate: The State of our Market: "Bryan / College Station Real Estate Market January - August, 2010 We are beginning to realize a possible market slip for our community. We ..."

Texas Adds 133,100 Jobs in Last 12 Months


Good news for Texas and our Bryan / College Station economy! 

The Texas' economy gained 133,100 jobs from August 2009 to August 2010, which translates to an annual growth rate of 1.3 percent.

During the same period, the U.S. economy added 278,000 jobs, an annual growth rate of 0.2 percent. The state's private sector posted an annual employment growth rate of 1.4 compared with 0.3 percent for the United States.

The state’s seasonally adjusted unemployment rate rose from 8 percent in August 2009 to 8.3 percent in August 2010, while the nation’s rate in August decreased from 9.7 to 9.6 percent.
All Texas industries except the trade, construction and information industries had more jobs in August 2010 than in August last year.

Twenty-four Texas metro areas had positive employment growth rates for the year ending Aug. 31, up from 19 for the period from July 2009 to July 2010. Sherman-Denison ranked first in job creation, followed by San Angelo, Austin-Round Rock-San Marcos, Odessa and Tyler.

The state’s actual unemployment rate in August 2010 was 8.4 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, San Angelo and Abilene.

This new data should shine a positive light on the Bryan/College Station area in terms of jobs and our real estate market.  However, the economy as a whole is still extremely fragile and can be catastrophically effected by tax legislation coming from the Fed.  Texas and the Brazos Valley need to stay true to their roots by grounding itself in common sense, conservative government that makes it profitable for businesses to flourish.  When business wins, everyone wins! 

www.bcsheritage.com

For the complete set of August data, see the Monthly Review of the Texas Economy — September 2010 by Real Estate Center Research Economist Dr. Ali Anari and Chief Economist Dr. Mark G. Dotzour.

Tuesday, September 28, 2010

The State of our Market

Bryan / College Station Real Estate Market
January - August, 2010

We are beginning to realize a possible market slip for our community. We all like to believe we live in the greater Aggieland “Real Estate Bubble” but the rest of the world is poking on our bubble.  Hopefully July and August was just a bump in our real estate market’s road; However, I’m not so optimistic.  Thankfully Heritage Realty is still actively selling and we are still ahead of last year’s business!

We’re seeing people who are serious about their assets and committed to understanding our market forces are listening to us.  They are pricing their property ahead of the market and they are getting results. Sellers in the other hand, are trying to “get what the comparables show” or “get what my property is worth” and can even produce an appraisal from last year to back up their numbers.  However, as much as we Realtors would like to say we have the power to control what buyers should pay, the hard reality is, we don’t.  We have zero control over what buyers will pay and unfortunately, buyers have the most inventory in decades to choose from and are looking for “the deal of the decade”!

Unfortunately our market’s statistics are supporting buyer’s “deal of the decade” mentality.  The number of properties sold in July 2010 versus July 2009 is down 38%.  Our market inventory continues to soar and sits at 1,514 properties. This is 20% above this time last year but is compounded by July’s inventory being 33% over July 2009.  On anomaly has been our “Days on Market” (The amount of time it takes from the day it’s listed to the day it’s closed) has decreased. I believe this is happening because real estate agents are taking listings out of our MLS if they have been on the market a long period of time to avoid low offers and stigmas associated with a stagnate market.

Year to date the number of sales are only down 4.1% over 2009.  However, 2010 January – June we were +9%. In my opinion this is 100% attributed to the Federal home buyers credit which pushed buyers that were considering buying in 2010 to make their transaction within the 6 months.  Even if I were to extrapolate the data out over 2010, the numbers would still look bleak.

Below is a more detailed “snap shot” of our market’s fundamentals:

From TX Real Estate Center http://recenter.tamu.edu/data/hs/hs180b.htm

  • The Total Sales Volume
o    in June 2010 was down 6.4% from June 2009 and down 11.3% from 2008.
o    in July 2010 was down 38% from July 2009 and down 50.3% from 2008
o    in August 2010 was down 22.6% from August 2009 and down 35.1% from 2008.
.
  • The Number of Homes Sold:
    • in June 2010 was down 10.6% from June 2009 and down 13% from 2008.
o    in July 2010 was down 37.8% from July 2009 and down 47.3% from 2008.
o    in August 2010 was down 21.3% from August 2009 and down 32.9% from 2008.
Sales
2009
2010
Change
January
87
89
up 2.3%
February
91
107
up 17.6%
March
151
176
up 16.6%
April
183
233
up 27.3%
May
266
282
up 6%
June
300
286
Down 4.7%
July
304
189
Down 37.8%
August
249
196
Down 21.3%
September
128


October
144


November
148


December
133






2010 Year to Date
1631
1564
Down 4.1%

·         Number of Listings taken
o    In July 2010 was up 45.6% from July 2009 and up 24.3% from 2008
Listings Taken
2009
2010
Change
January
371
344
Down 7.3%
February
421
441
Up 4.8%
March
622
541
Down 13%
April
362
484
Up 33.7%
May
334
372
Up 11.3%
June
403
422
Up 4.7%
July
447
450
Up .7%
August
295
543
Up 45.6%
September
257


October
241


November
193


December
179



  • The Available Homes in July 2010 rose 33% from 2009 and was up 35% more than 2008.
  • In July there were 189 residential properties sold
    • 119  single family
    • 21  condos
    • 7  manufactured homes with land
    • 8 patio/townhouse
    • 11 houses with acreage
    • 0 recreational
    • 17 new builder homes
    • 1  new builder homes with acreage
    • 5  new builder patio/townhomes
Available Listings
2009
2010
Change
January
1111
1298
up 16.8%
February
1188
1439
up 21.1%
March
1265
1577
up 24.7%
April
1272
1588
up 24.8%
May
1254
1613
up 28.6%
June
1253
1588
up 26.7%
July
1233
1646
up 33.5%
August
1222
1514
up 20%
September
1243


October
1216


November
1175


December
1114










  • Total sales were $30,773,396  (Down from $61,873,310 in 2008)
  • Buyers are absolutely and undeniably in control.
  • Inventory is extremely high and sellers should try to position themselves AHEAD of the market.  Do not FOLLOW the market and work with every offer they receive.
  • Buyers have MANY choices.
  • Mortgages are available but nationwide more people have a credit score too low to get financing than last year.
  • Interest rates are at historic lows and falling but that is not injecting more buyers into the market.

If you are ready to sell, take what we’ve learned, contact me, and let’s get it done now!

www.BCSHeritage.Com