Asian Art Museum Exhibition – The Cyrus Cylinder

Executive Homes Realty has won Grand Master and Pinnacle awards for excellence in serving buyers and sellers of luxury real estate. Founded by Joseph Sabeh, Sr., Executive Homes Realty also has significant experience assisting executives when they relocate to the San Francisco Bay Area.

San Francisco offers newcomers as well as longtime residents many educational and aesthetic opportunities to explore, including such attractions as the Asian Art Museum on Larkin Street. The world-renowned museum has over 18,000 pieces of Asian art, some with ancient origins. Recent exhibits include the Cyrus Cylinder, which was on display from August 9 to September 22, 2013.

The Cyrus Cylinder ranks as one of the ancient world’s most treasured artifacts. Inscribed in Babylonia cuneiform in 539 BCE, the artifact is a record that tells how Cyrus the Great of Persia re-established religious shrines to enable exiled peoples to return to their homelands. Some believe that displaced Jews returned to Jerusalem during the period of record. The exhibition was made possible through a partners hip with the Iran Heritage Foundation, the British Museum, and the Smithsonian’s Arthur M. Sackler Gallery.

Advertisements

A Forecast of Trends in Real Estate for 2014

Image

The real estate market in 2013 was a breath of fresh air; home values increased and buyers had stable jobs creating a market frenzy for current homes for sale. Experts expect 2014 to have similar growth, but at a more stabilized pace.

 Fixed rate mortgage rates are estimated to linger around 5 percent. The Federal Reserve will continue to step back from directly supporting mortgage lenders and allow room for inflation and economic growth to dictate mortgage rates. Inflation is not a current concern for the market but we all know this can fluctuate throughout the year. Economic growth is expected to become more reliable and strong with the growth in 2013 as a foundation.

 Home prices in 2013 skyrocketed with attractively and historically low mortgage rates. While we don’t expect those rates to return, a 5 percent rate on your mortgage is still a below average rate. This higher mortgage rate will have a marginal slow down affect on the current market and home prices. But with the continued economic stability, home prices will remain competitive. Home values will still rise, just not exponentially as we saw in 2013. Last year the number of qualified buyers far outweighed the available homes for sale. We expect more homes to be available this year, which will also aid in leveling out home prices. However, with continued economic stability there will be a continuous need for more and more homes to meet the needs of house hunters.

 Qualifying for your home mortgage will have a few extra requirements this year. On January 14 lenders began considering all of your income and outcome, not just current loans as done previously. The intent is to ensure you have the ability to pay your monthly mortgage, all things considered. The debt-to-income cap will operate at 43 percent. Lenders will enforce these considerations to protect themselves from future consumer lawsuits claiming the property and borrowers were not properly assessed. These deeper qualifications will aid in stabilizing the number of buyers in the market as well.

 All said and done the excitement of real estate happenings will not diminish in 2014.  Sellers and buyers are becoming more educated and aware of the still historically wonderful mortgage rates and will continue to brave the rising home prices for a fantastic investment.

 

 

 

 

Asian Markets in Fremont, California

Recognized seven times by the Southern Alameda Association of Realtors as a premier Realtor, Executive Homes Realty has successfully exceeded $20 million in sales in all market conditions. Located in Fremont, California, Executive Homes Realty satisfies the discerning tastes of buyers and the sales objectives of sellers throughout the San Francisco Bay Area.

Fremont may not represent one of California’s largest or most populated cities, but the area offers shoppers an array of Asian food choices in local restaurants and grocers. With the highest Asian population in California, the city has a bounty of Asian markets and eateries, including Japanese and Korean options.

Fremont grocery shoppers purchase Japanese and Korean food at the quaint 99 Ranch Market. Asian restaurants in Fremont cover the range of Asian food. La Sen serves Vietnamese pho as well as spicy Bun Bo Hue. Chaat Bhavan serves vegetarian Indian food. Sushi lovers have a variety of choices, including Satomi Sushi and Aniki’s Sushi.

The Harker School Promotes Success and Individuality among Students

Currently run by Joseph Sabeh, Jr., who has worked with the company for over 13 years, Executive Homes Realty is a leading real estate business in Fremont, California. Committed to supporting the community in which the company has thrived, Executive Homes Realty has supported several local schools and is actively involved with the Harker School in particular.

Established in 1893, the Harker School educates students from kindergarten through grade 12. A college preparatory day school, Harker provides challenging and comprehensive academic and extracurricular programs and a nurturing environment that fosters respect and kindness among its students. The school’s curriculum is designed to embrace individuality and diversity, promote leadership, and help students become productive adults.

The Harker School not only engenders academic success, but, through its arts and athletics departments, encourages the discovery of individual talents. Harker feels that playing sports builds teamwork and leadership skills, as well as a sense of fair play and confidence. The school also believes that the performing and visual arts build teamwork as well as individual initiative. By providing students with access to drama, music, and fine arts programs, Harker hopes to develop creativity and artistic expression among its students.

Stock drift slower despite upbeat data

Stocks drifted lower Wednesday as investors tried to make sense of better-than expected economic reports and gauge the mindset of the Federal Reserve. The Dow Jones Industrial Average, S&P 500, and the Nasdaq were all down slightly in afternoon trading, erasing previous gains. In its Beige Book report on regional economic activity, the Fed said the economy expanded at a “modest to moderate pace” from early October to mid-November.

It noted gains in the auto and high-tech industries and reported that retailers are “hopeful, but cautious” about the holiday shopping season. Investors remain fixated on clues as to when the Fed might pull back, or taper, it’s $85 billion per month bond buying program.

The three indexes were in the green earlier Wednesday after the Census Bureau said sales of new single family residential homes rose 25% in October compared to September, topping economists’ expectations.
That report came after payroll processor ADP (ADP, Fortune 500) reported that 215,000 private-sector jobs were added in November — well above the 160,000 gain that was expected.

Bond investors stayed focused on when the Fed might taper. The yield on the 10-year Treasury note spiked to 2.85% Wednesday, near the year’s high of almost 3% back in September. At that time, investors feared the Fed would taper at its meeting in September. It didn’t. But some experts believe that the Fed could now announce it is pulling back on stimulus at the conclusion of its next meeting on December 18.

In corporate news, J.C. Penney (JCP, Fortune 500) said Tuesday that same-store sales in November grew 10% from the same period last year. The stock, which has been the worst performer on the S&P 500 this year, is in the midst of a turnaround and has caught the attention of some major hedge funds.

But investors seemed unimpressed with the decent November sales. Shares of J.C. Penney were down about 4%. Despite that, one trader on StockTwits was bullish that it would bounce back by the end of the day.
$JCP green by close,” said Jason100. Others were optimistic, but acknowledged it’s a difficult trade.

“$JCP only patient ppl or idiots can win this stock LOL”, said Smellyegg.
Shares of Deere (DE, Fortune 500) jumped over 3% after the agricultural machinery giant announced it boosted its share repurchase program.
“Stopped out of $DE ystdy after holding for 2 weeks & today they announce buyback” said Sspencer_smb, a StockTwits trader who worried he missed out on the stock’s recent move. Another mover was Hewlett-Packard (HPQ, Fortune 500), which rose more than 3% after reports that the PC and printer maker plans to shed 1,100 jobs in its U.K. unit.

StockTwits trader Shaggyeleven was not buying the stock for now, but is keeping a close eye on it. “$HPQ not in, watching, if keeps moving like this, thinking, I’m missing something.” Also trending on StockTwits: Apple (AAPL, Fortune 500). Shares of the iPad maker have surged back to life in recent months, gaining almost 50% from its 52-week low earlier this year. Activist investor Carl Icahn reiterated in an interview with Time Wednesday that he wants the company to buy back more of its stock.

“$AAPL slow and steady rise the rest of the day” said trader ChazMac09.
European markets slid in afternoon trading, shrugging off the final purchasing managers’ data for November that came in a little better than expected. The European Union levied a record antitrust fine of €1.7 billion ($2.3 billion) on six European and U.S. banks and brokers for rigging benchmark interest rates. The largest fine, of €725 million ($986 million) went to Deutsche Bank (DB).

Million Dollar Housing Markets

06830

Montecito, Calif. (93108)

Sales of $5 million or more: 28
Price of this home: $6.7 million
This Connecticut suburb has long been the zip code of choice for corporate titans, professional athletes and hedge fund managers, thanks to its proximity to Manhattan.

While this house was built in 2008, its solid, stonewall look lends it an air of permanence and quality. That’s enhanced by the broad lawns, foundation plants and tall trees on the two-and-a-half acre property.

Inside, there are antique wood and limestone floors, beamed ceilings, French doors and arched, multi-paned windows. There’s also a large kitchen with breakfast nook, a rustic family room with stone floors and a brick fireplace, and a formal dining room.

10013

New York (10013)
Sales of $5 million or more: 45
Price of this home: $5.4 million
Where else but in Manhattan would a three-bedroom 3,100 square-foot home cost $5 million?

In fact, several neighborhoods — including the Upper East Side, the Upper West Side and Greenwich Village — had many, multi-million dollar sales, according to Coldwell Banker.

In this zip code, which includes parts of the swanky neighborhoods of Tribeca and Soho, 45 homes sold for $5 million or more during the year ended June 30. Six of those sales were for $10 million plus.

This home is a “true artist’s loft” with 13.5-foot ceilings and cast iron columns and wood beams, said agent Danny Davis. Yet, at this price, the buyers are mostly hailing from Wall Street.

33139

Miami Beach, Fla. (33139)
Sales of $5 million or more: 42
Price of this home: $5.9 million
Prices for prime waterfront properties in Miami Beach have doubled over the past couple of years as buyers from all over the world flock to this Florida hotspot for its exciting mix of cultures, nightlife and great weather, according to agent Jill Hertzberg.

One of the most exclusive neighborhoods in town, this zip code recorded 42 sales of $5 million or more and 11 sales of $10 million or more during the 12 months ended June 30, 2013.

This house is in a gated island community located a few minutes from the restaurants, clubs and shopping on South Beach. The living room features 20-foot-plus ceilings and a window wall with views of Biscayne Bay.

There’s 60 feet of waterfront and a 300-square-foot dock. Tall trees and lush plantings keep the quarter-acre lot cool and comfortable. There’s also a poolside patio.

34102

Naples, Fla. (34102)

Sales of $5 million or more: 31

Price of this home: $4 million
A prosperous tourist hub on Florida’s West Coast, Naples is known for its art galleries, pristine white sand beaches and nearby wildlife sanctuaries.
This romantic Mediterranean style home, which is a relative bargain at under $4 million, is in a private enclave near the shore in the town’s best zip code. It has three levels of outdoor living spaces — deep balconies with arched and columned openings — that are great spots to entertain guests.
There’s a grand stone entryway into a foyer decorated with a large, round fountain. The formal living room features wood paneling, a fireplace and a wet bar. A master suite, complete with office, occupies the third floor.

81611

Aspen, Colo. (81611)
Sales of $5 million or more: 44
Price of this home: $5.5 million
Once a small silver mining town, Aspen is now a premiere mountain retreat for the rich and famous.
In the 12 months ended June 2013, 44 homes priced at more than $5 million were sold, 16 of which carried prices that surpassed $10 million.
Residents not only get to enjoy winter sports on the snow-capped peaks of the Rocky Mountains in the winter, but there is also a championship golf course to play once the snow thaws.
This 5,300 square-foot condo comes with five bedrooms and baths and features wood-beamed vaulted ceilings, several fireplaces, a large family room, home theater and wine room.

90210

Beverly Hills (90210)
Sales of $5 million or more: 80
Price of this home: $6 million
Beverly Hills’ 90210 had its own television show for a reason: When it comes to multi-million dollar homes, it’s got more than almost every other zip code in the nation.
The median home price is about $2 million, according to Trulia. Over the 12 months ended June 30, there were 18 sales of $10 million or more, the most out of any U.S. zip code.

 

Executive Homes Realty, Specializing in Executive and Luxury Homes