Podcast of 2010 CAAR Officer Installation
Here’s a link to the podcast of the 2010 Officer & Director Installation that took place on Thursday, January 7th at the DoubleTree Hotel. Great speech by Greg Slater, our new 2010 President.
Here’s a link to the podcast of the 2010 Officer & Director Installation that took place on Thursday, January 7th at the DoubleTree Hotel. Great speech by Greg Slater, our new 2010 President.
After a thorough and open process that included several days of candidate interviews and member input, CAAR has determined the best candidates for the REALTOR® Party. Although REALTORS® often vote based on other issues that personally motivate them, these candidates have been determined to be the best on issues important to the real estate industry, including private property rights and housing affordability.
Charlottesville
CAAR has supported two candidates running for City Council:
David Norris
Kristin Szakos
Albemarle
In Albemarle County, CAAR has support:
Duane Snow in the Sam Miller District
Rodney Thomas in the Rio District
Fluvanna
In Fluvanna, CAAR is supporting two challengers:
Shaun Kenny in the Columbia District
Keith Smith in the Cunningham District
Va House of Delegates
CAAR has supported 2 Candidates for the House of Delegates:
David Toscano, 57th District
Rob Bell, 58th District
The following is a summary of one of the 10 trends covered in the 2009 Swanepoel Trends Report.
Factors Shaping Housing Values and Development
Housing demographics are changing. In 1990, 50% of all households had children, but by 2000 that number was down to 33% and expected to decline to 25% by 2025. In addition to empty nesters, there are also a lot of younger households being formed and the combination has caused the population in many cites to grow. The suburban flight of the 70’s is officially over and cities are at the beginning of a surge. In addition, new development is trending toward new urbanism and walkable communities.
The other trend in the current demographics of America is causing what Swanepoel calls the “real” energy crisis. America has no energy plan other than to follow the self-serving interests of the American people that are still dominated by the baby boom generation whose slogan is “what’s in it for me?” For the past several decades, political decisions related to energy and infrastructure have been driven by NIMBYism (Not In My Back Yard). Instead of developing new power plants, or even alternative energy sources, politicians have bent to the NIMBYs wishes and now we find ourselves way behind in energy development and fading fast.
This “real” energy crisis effects housing prices and development decisions. The situation is already precarious and we are one energy shortage away from exposing this weakness. Unless we find a way to overcome tyranny of NIMBYism, we will continue to head down a path that could effect our entire economy and our national security.
Cities Ready for an Energy Crisis
San Francisco
New York 
Chicago
Washington DC
Seattle
Portland
Boston
Philadelphia
Oakland
Denver
Cities NOT Ready for an Energy Crisis
VA Beach
Fort Worth
Nashville
Arlington, TX
Jacksonville
Indianapolis
Memphis
Louisville
Tulsa
Oklahoma City
Hearty congratulations go out to Carol Clarke of Montague, Miller & Co. upon her selection as VAR 2008 REALTOR® of the Year! Carol was singled out from over 36,000 VAR members as personifying the qualities of a truly outstanding REALTOR® in the state of Virginia. She has shown commitment to local, state, and national issues throughout her years of service and repeatedly demonstrates leadership in both her business and personal lives. She has served as both CAAR and VAR president and is currently Chair of the Virginia Real Estate Board. We have benefited from her dedication both here in Charlottesville and across the state, so please take a moment to join us in thanking her for her service and congratulating her on a well-deserved accolade!
One of the distinct privileges I have in this community is working with the Save the Fireworks Foundation. This all-volunteer group is responsible for the Annual 4th of July Festival in McIntire Park, including raising the funds and planning the event. Actually, to call the group “all-volunteer” is a misnomer. We have professional working the event if you count the Parks staff, the bus drivers, the fire and rescue personnel, the police, and of course the pyrotechnics crew. The all-volunteer part is the multiple planning sessions that we hold to make sure everything is in order. At those meetings, all these professionals show up and essentially volunteer their time with the only pay coming in the form of Papa John’s Pizza and a Coke.Â
I think I can speak for the entire planning committee when I say that this project is a labor of love. Personally, I feel a debt to our founding fathers and patriots who created this free country. They certainly put forth a much greater effort than we do and they didn’t even get Papa John’s Pizza and a Coke.Â
A few years ago, the Annual Festival was in danger of going away, but we saved the Fireworks - at least for now - by uniting the entire community around the event. We now have what I call the 4 pillars of our core community on the same team to make sure we always celebrate the Independence Day in the home town of the man who drafted the very Declaration that began our existence as a country. The four pillars are the City of Charlottesville, the County of Albemarle, the University of Virginia, and Dave Matthews Band. For those of you who might be surprised by DMB being included in that list, you should know that the Band, through the Bama Works fund, is the largest supporter of not only the Fireworks, but many other wonderful programs that make this community special. DMB is a great friend to this community and we are luck to have them as neighbors and supporters.Â
Have a safe and happy 4th!
Last night I attended a transportation forum sponsored by Delegate David Toscano. I was hoping to hear something new in the never-ending debate on transportation funding. Instead, all I heard was the same old song and dance that we have heard for years. Here’s a quick summary:
VDOT Representative – We are changing our ways, but there is no money…
Trip Pollard, III from the Southern Environmental Law Center – We can’t pave our way out of this mess.
Dennis Rooker, Albemarle Supervisor – The state is cutting our funds, so we can’t afford new roads.
Harrison Rue, TJPDC – we just need to do a few more expensive studies and hire more consultants to figure this out – okay, he did not really say that. What he really said was the answer is connecting roads through neighborhoods, but he left out the part about the neighborhoods really hating this idea.
Meredith Richards – Commuter trains are cheaper than roads.
The funny thing is that all of these statements were as true last night as they were 5 years ago. Nothing has changed and we are spiraling down a deep hole that will be increasingly hard to dig out of the farther we descend. Will it take a bridge falling down and killing a bunch of folks before we start taking better care of our infrastructure? Will it take total gridlock before we fund more new road building? Will gas have to go to $12 a gallon before we decide to carpool or take the bus?Â
What I did not hear last night was what the general assembly is going to do about this mess. They control the purse-strings, both locally and statewide, so they are the ones who have allowed us to get into this mess. I must confess that I came late and left early, so I may have missed Delegate Toscano’s ideas. David is not the problem here and I actually appreciate his efforts to pull this forum together. Unfortunately, I saw no value in the time I spent attending.Â
I do not care how this issue is fixed, but the “solution� the Assembly came up with last year was a joke and was intended as a sound bite for the elections. We need a real solution and we need it yesterday. I have very little faith in the Assembly coming up with a fix or even adopting the Governor’s plan. The politics are too tough on this issue to expect real results.
Oh well. At least I will have plenty to write (read “whine�) about for many years to come. Here are some past classic rants on transportation that stand the test of time.
Parkway Opponents Cost Us BIG $$
Girlymen Don’t Raise Taxes
NIMBY’s on Parade
(The following list was created by CAAR President Judy Savage and is graciously shared with all agents and sellers to help our fight against overpriced listings.)
The Market Value of Your Home is NOT:
1.        What you have in it.
2.        What you need out of it.
3.        What you want.
4.        What it appraised for.
5.        What you heard your neighbor’s house sold for.
6.        What the tax office says it is worth.
7.        How much it is insured for.
8.        Based on memories and treasures.
9.        Based on prices of homes where you are moving.
The True Market Value of Your Home Is What a Buyer is Willing to Pay:
1.        Based on today’s market.
2.        Based on today’s competition.
3.        Based on today’s financing.
4.        Based on today’s economic condition.
5.        Based on the buyer’s perception of the condition.
6.        Based on location.
7.        Based on normal marketing time.
8.        Based on showing accessibility.
Properties That Sell in Today’s Market:  On a Scale of 1 – 10, the “10’s� Are The Ones That Are Selling. How Can Your Property Be A “10�?
1.        By improving the condition dramatically.
2.        By offering good terms.
3.        By improving the way the home shows.
4.        By adjusting your price.
As a Seller you control:
1.        The price you ask.
2.        The condition of the property.
3.        Access to the property.
As a Seller you do not control:
1.        Market conditions.
2.        The motivation of your competition.
3.        Value
This is a very detailed and excellent article every agent should read. It will rejuvenate, reinvent or depress you. The choice, like always, is up to you.Â
The 2008 Swanepoel Trends Report, the best summary of real estate trends, recently arrived in my mailbox. I’m going to provide a trend by trend breakdown to create a 10 post summary of the report. To purchase the report for yourself, go to www.retrends.com.
Trend #10 – Shattered Glass
Women, Youth & Minorities Step Up to Leadership Roles
This trend identifies a shift that has been brewing for a while but has just reach critical mass to make the top ten. Shattered glass is a reference to the glass ceiling that has symbolically held women, youths, and minorities from being significant players in the real estate business.Â
Women – Real estate has always been better than most industries for offering women and equal chance to be successful, but leadership is just now changing to women. The first female president of NAR was Virginia’s own Dorcas Helfant from VA Beach in the early 90’s. Since then there have been 3 other female NAR Presidents. The last 3 CAAR presidents (including the 2008 President Judy Savage) have been women and the current State President in Charlottesville’s own Patricia Jensen. We still have a little way to go because 65% of REALTORS® are women, but only 50% of brokers are women.Â
Women make up 52% of the population, but according to census data, they buy 85% of everything and start a business every 60 seconds. Single women home buyers are increasing rapidly and now account for 20% of home buyers.Â
Youth – Gen Y (also known as the Echo-boomers) are as large of a mass of people as the boomers. The first Gen Y’ers turn 30 this year. Over the next 10 to 15 years, boomers will transfer a great deal of wealth and power to Gen Y. Already, Gen Y have leverage web 2.0 to establish great power. Members Gen Y created YouTube and Facebook.
The Y’ers are definitively into home buying. They value the solid long-term investment that real estate offers and they are a bigger portion of the total home-buying population than ever before.  In addition, they are not putting home buying off until they are married. In 1993, less than 15% of buyers were under 25 – today 25% of home owners are younger than 25. 42% of people between 25 and 29 years old are now home owners. These younger buyers are responsible for the resurgence of the popularity of living downtown and in condo sales (up 110% in the last decade).
Minorities – There are 80 million multicultural Americans already and 1 million new immigrants entering the US every year. Immigrants made up 40% of the new households formed between 2000 and 2005. By 2050, half the population is expected to be of minority status. Immigrants allocate a larger percentage of their income (39%) than natives (28%).
Hispanics are the largest minority and the fastest growing. Half of the people being added to the US population are Hispanic and by 2050 they are expected to comprise 25% of the population. Hispanics are almost 10 years younger than the average population and are expected to make up 40% of the first time buyers over the next 20 years.Â
I love the day after Election Day! Of course, for some it is a sad day, but since CAAR supports candidates from both parties (4 R’s, 6 D’s and 1 I), we generally have a lot to smile about the day after. This year was no exception as we were successful in 9 of the 11 races in which we were involved.
But that is not the real reason I love the day after Election Day. The real reason is that it gives our community a new energy level that is similar to the first day of school. It is part fear of the unknown and part anticipation of the possibilities. It is also the end of the campaign season and the end of the anxiety associated with competition. It is time to move on and to stop saying “we’ll deal with that after the election.�
I want to applaud ALL who ran for their willingness to lead and serve. Win or lose, I am pleased to have these people as neighbors in our community. There was only one local race where the candidates “got personal� and failed to place integrity higher than victory. I am proud to say that CAAR was NOT involved in that race.
It takes a special person to go through the rigors of a campaign, but it takes a really classy individual to run a clean campaign. The temptation to “go negative� because it works in the short-run is great, but I am proud to be part of a community that refused to go there (except for one race).
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