QA control associate lists home in Northgate

Katherine E. Hirigoyen, Michael W. Hirigoyen, Suzanne E. Hirigoyen , and Nathaniel R. Hirigoyen have listed for sale a four-bedroom, two-bath home at 34647 Calcutta Drive in Fremont for $519,900. The Hirigoyens acquired the property for $610,000 in Oct. 2006. The 1,633-square-foot house was built in 1976 in Northgate. Security West Realty is listing the property.Katherine Hirigoyen is the quality assurance document control associate of Janssen Alzheimer Immunotherapy. Previously, she was a documentation Read more [...]

Real estate firm owner lists in Southern Oaks

Corina Gray and Lisa Gray have listed for sale a four-bedroom, two-bath home at 1411 Sweetbriar Road in Southern Oaks for $524,900.The Grays paid $565,000 for the property in Nov. 2005. The 2,661-square-foot home was built in 1969. Ms. Gray is a realtor and the owner of Urban Realty Group in Orlando. She is also the listing agent. According to, there have been 14 home sales in Southern Oaks during the past 12 months, with a median sales price of $215,000. Filed under: Real Estate Read more [...]

Pay off your Christmas debt by selling your presents

In line with previous years it’s no surprise to see a rash of articles telling of people selling unwanted Christmas presents online, but this year it seem there have been more inappropriate gifts given and received than ever. Perhaps it’s due to the snow meaning that last minute shopping was conducted with even more haste than usual, but the Daily Mail estimates that gifts totalling some £652 million are being rapidly recycled into cash. With some online gifts not being received in time for Read more [...]

Former Treasury Secretary Paulson Loses $1 Million on Washington Home Sale

Henry Paulson, former U.S. treasury secretary. Photographer: Andrew Harrer/Bloomberg Henry Paulson, the former U.S. Treasury secretary, sold his three-bedroom Washington home last week for about $1 million less than he paid for it near the peak of the housing market four years ago. The property sold for $3.25 million Read more [...]

Fashion designer Katharine Hamnett and local heroes make Hackney New Year’s …

Fashion designer Katharine Hamnett with Arcola director Mehmet Ergen earlier this year Eleven Hackney residents have been named in the New Year’s Honours list. Bestowed by the Queen and published today, the New Year Honours recognise outstanding achievement and service. Nearly 1,000 people have been listed in total, three-quarters of them are described as local heroes. Famous for her over slogan t-shirts, including ‘Choose Life’ and her environmentally friendly and ethical approach, Read more [...]

Leading City figures knighted

LONDON (SHARECAST) - Roger Carr, the chairman of the UK chocolate manufacturer Cadbury until it was controversially taken over by the US food giant Kraft earlier this year, is among the British business figures to have been knighted in the New Year Honours List. Sir Roger, who is currently the chairman of the gas and electricity supplier Centrica and the president-elect of the Confederation of British Industry (CBI) is joined in the Honours Read more [...]

Weight is a virtue for Payne

Winner ... Cardinal Virtue ridden to victory by jockey Josh Adams on Boxing Day. Picture: Nic Gibson Source: The Daily Telegraph TRAINER David Payne says the handicapper has done his job and now it is up to Cardinal Virtue in the Listed $100,000 Carrington Stakes (1100m) at Royal Randwick today. Payne has a healthy respect for brilliant bush sprinter Border Read more [...]

Racing news: Balding awarded an OBE

GRAND National-winning trainer Toby Balding has been awarded an OBE for his services to racing in the New Year Honours List. Balding, 74, not only won the world's greatest steeplechase twice with Highland Wedding (1969) and Little Polveir (1989), but had the rare distinction of claiming the two other biggest races in the National Hunt calendar. The Cheltenham Gold Cup went his way with Cool Ground in 1992 and he saddled two winners of the Champion Hurdle, Beech Road (1989) and Morley Street Read more [...]

IPL 2011: IPL cuts 56 players from auction list

The IPL has pruned its auction list for the next season from a preliminary 416 to 350, and also increased the base prices of Sourav Ganguly and VVS Laxman. All 80 players named in the top three price bands of the preliminary list have retained their place in the final list for the auction, which is scheduled to be held in Bangalore on January 8 and 9. In the preliminary list, 21 players including former West Indies batsman Brian Lara had been in the highest bracket of US$400,000, Read more [...]


I've long predicted that housing prices would revert to their mean.  The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).  The logic here is not terribly complex.  In addition to the supply/demand imbalance housing prices must revert to their mean for the simple reason that prices tend to have a very high correlation with inflation rates.  Inflation rates, by definition, tend to Read more [...]