Grace Keng, CRS, e-pro

Sunnyvale CA Real Estate Market -May 2009

What is the current Sunnyvale Ca Real Estate market? If we compare from May 2008 to May 2009, you will find some interesting changes:

1). Home inventory reduced from from last year's 200 to this year 188. The numbers of sold homes has dropped from last year 68 to 36 this year.

2.) The average homes sales price is lower. This May sales price is $681,266 vs last May's ' $926,252. The median sales of May 2009 is $745,550 which is dropped from last May's $930,000.

3.) Last May took average 36 days to sell a home however this year will need 51 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 1% less home inventory and 50% less the Sunnyvale homes get sold. The average Sunnyvale sales price dropped 26% and the Sunnyvale median price homes dropped 19.8 from last May to this May. The above data information came from the www.reil.com.

Any home buyers and sellers need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County (Sunnyvale, Cupertino, Saratoga, Mountain View, San Jose), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

SDA Music Summer Series -Celebrating 10 Years

July 08 - The Vintage Band (r&b, funk, pop & jazz)
July 15 - Silicon Valley House Rockers (rhythm & blues)
July 22 - Sage (70's old school) presented by Sunnyvale
Chamber of Commerce
July 29 - Too Smooth (pop, dance, soul)
Aug. 05- MamaLuke! (classic rock)
Aug. 12- T.Y.T (rhythm & blues/funk/latin)
Aug. 19- Pacific Standard Time (70's funk/r&b)
Aug. 26- Flashback (classic rock, surf)

I've gone the Wednesday Sunnyvale Summer Music Series in the past. It's pretty fun. Small - just the one strip of Murphy Ave. in Downtown Sunnyvale. Music is cool...cover bands hitman. It all starts at 5:30 pm and the music starts @ 6 PM to 8 PM on every Wednesday evenings. A couple of food booths and a lot of the restaurants have outdoor seating. I seated at Firehouse outdoor seating before. You have pretty good view of everything. The beer average is about $4 a cup or you can bring your own chairs and eat outdoors. I usually go to a couple of them each year. See you all tonight there!

Santa Clara and San Mateo County half year Inventory Report 2009

Every home buyers and sellers need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County ( Sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

Posted on 29 June 2009 by gracekeng

What is the current Cupertino Ca Real Estate market? If we compare from May 2008 to May 2009 which has shown some interesting changes:

1). Home inventory rose up from this year from last year's 81 to this year 127. The numbers of sold homes has dropped from last year 46 to 31 this year.

2.) The average Cupertino homes sales price is lower. This May sales price is $1,112,518 vs last May's ' $1,299,204. The median sales of May 2009 is $1.062,000 which is dropped from last May's $1,250,000.

3.) Last May took average 27 days to sell a home however this year will need 61 days to sell a home.

This real estate trend is the same as last month. In the may of 2009 there are 70% more home inventory and 30% less the Cupertino homes get sold. The average Cupertino sales price dropped 13% and the Cupertino median price homes dropped 16% from last May to this May. The above data information came from the www.reil.com.

Every home buyers and sellers need a good realtor to help them. If you or someone you know is thinking of buying or selling property in Santa Clara County ( Sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California, please contact me because I offer a free 45 min. consultation to cover the complete local current real estate market. You can email me GraceKeng1@gmail.com

After I wrote the article of stop withhold business tax today, I found the C.A.R. has sent the members this red alert about C.A.R. OPPOSES Proposal to Force Over Withholding on Independent Contractors.
Please Call Your Assembly Member or Senator Today!

C.A.R. is opposing a proposal to force those making payments to independent contractors to withhold 3%. C.A.R. opposes this FORCED OVER WITHHOLDING because it unfairly singles out independent contractors to share the burden of the state's budget troubles and it fails to address the problems in California's budgeting process.

One bill that included the withholding proposal was passed by the Legislature, but vetoed by Governor Schwarzenegger lJune 30th. Afterwords, yet another version of the same legislation was approved by the state Senate and may be considered by the Assembly shortly.

Action Item
C.A.R. has emailed a personalized Red Alert to all REALTORS® who reside in legislative districts represented by a Democrat, asking them to contact their legislators to oppose this proposal. C.A.R. is NOT asking members to contact Republican legislators because they already oppose the idea.

Please look for Red Alerts from, "C.A.R. Government Affairs Team" received Tuesday, June 30th with the subject line: "Assembly Red Alert: Help Stop Over Withholding!" or "Senate Red Alert: Help Stop Over Withholding!"

If you received both Red Alerts, please respond to both because it means Democratic legislators represent you in BOTH the state Assembly and Senate.

If you have not received these alerts, and you believe you reside in districts represented by Democrats, please call the following numbers and use your NRDS ID to be connected to your legislator's office.

For the Senate: 1-800-961-3302
For the Assembly: 1-800-672-3135

Again, enter your NRDS ID when directed so you will be connected to the correct legislator.

Here's how the proposal would work:

When an agent closes a transaction, they are typically paid their commission by their broker. Now, the broker would need to withhold 3% of the commission and pay it to the Franchise Tax Board (FTB). Agents would still pay their normal quarterly estimated income tax payments to the FTB in addition to the withholding. When the agent files their state income tax return the following April, they will deduct the withholdings along with the quarterly estimated tax payments from their tax liability and, in theory, receive a refund for the 3% that was withheld. This allows California to earn interest on your money!

C.A.R. has emailed a personalized Red Alert to all REALTORS® who reside in legislative districts represented by a Democrat, asking them to contact their legislators to oppose this proposal

Background
Tuesday evening of this week the Assembly and the Senate approved one version of this proposal in one of the many pieces of legislation comprising the budget; however, Governor Schwarzenegger vetoed the bill. The Legislature will need to send him new versions of the budget in order to end the stalemate.

Our goal is make sure the next version of the state budget DOES NOT INCLUDE THE INEDEPENDENT CONTRACTOR WITHHOLDING PROPOSAL.

Talking Points
While it is understood that the state is facing a substantial budget gap, increasing withholding on payments to independent contractors should NOT be one of the ways that the budget gap is addressed. Among the arguments against this proposal:

There is no evidence that independent contractors are failing to pay their income tax obligations. The proposed withholding requirement is merely intended to accelerate income tax payments so that the state can make money from the "float" that's earned while the funds are in its possession.

It creates significant administrative burdens for individuals that are now required to file 1099MISC information reports with the Franchise Tax Board. Under the proposal these individuals would now need to also calculate the required withholding amount and remit that amount to the state.

There will be significant administrative costs to the Franchise Tax Board that will be faced with making refunds to those independent contractors whose withholding amount remitted to the state exceeds their income tax obligation.

For More Information
Please contact DeAnn Kerr at deannk@car.org or Christopher Carlisle at christopherc@car.org. If your PIN number doesn't work, please contact C.A.R. at 916-492-5200.