Rightmove - June -0.4%

System

Er hang on, when asking prices increased not so long ago it "means nothing", so why is this threadworthy?

Sad people, sad.

carolt

Cleaver wrote: »

It's cute that you've found the links.

In all seriousness then, it'll be interesting to see if they report this non-move tomorrow then.

Out of interest, what's my profile? The profile of not really caring?

Dunno.

The funny guy? I think?

But not as funny as mewbie?

Don't think I really had any image of you, actually. Have a vague idea you're a bloke.

Maybe you're asking the wrong person - not been on much recently. (Shrugs.)

ruggedtoast

Joeskeppi wrote: »

Er hang on, when asking prices increased not so long ago it "means nothing", so why is this threadworthy?

Sad people, sad.

Well we were waiting for you to come along and make one of your scintillating contributions.

You really make a thread come alive.

IveSeenTheLight

ad9898 wrote: »

Interesting that it's strange for these figures to be released on Saturday, don't you think ?, apparently what is even stranger is they were leaked and going to be released today. I feel it strange that these have been released at the weekend, when perhaps less people watch the news than in the week, I wonder why.

Just to add to that, I wonder if a big song and dance will be made about these figures as has been the case for the past few months............... I await what will probably be a deafening silence from the media.

Did the media make a song and dance abour Rightmove figures going up?

I know they report RICs, CML, LR etc, but rightmove?

ad9898_3

IveSeenTheLight wrote: »

Did the media make a song and dance abour Rightmove figures going up?

I know they report RICs, CML, LR etc, but rightmove?

Yes, it was a story on the main evening news.

IveSeenTheLight

ad9898 wrote: »

Yes, it was a story on the main evening news.

Today showing the rightmove prices going down?

ad9898_3

IveSeenTheLight wrote: »

Today showing the rightmove prices going down?

Not as far as I'm aware, it was a story only when going up.

bluey890

carolt wrote: »

Or is just possible that your biases mean that you blank out things that don't fit your 'profile', either?

Cleaver usually posts the more serious stuff under a different username.

mbga9pgf

Lets face facts, the Rightmove stats dont mean squat, up or down. There is no correlation whatsoever with the price asked for a property at a time like this and the achieved price.

Especially since volumes are off a cliff.

Once volumes recover, we will start to get a realistic picture of what is going on. Claiming that prices have risen without stating WHAT TYPE of properties are selling with such low volumes is meaningless; at the same time, when prices fall it is equally meaningless.

However, I know if I go out today, with my letter from the bank stating I can borrow 200K at the drop of a hat, no probs whatsoever, I can buy a house 25% off peak prices in a week. We have had 2 offers accepted recently, one later fell through as a result of chain issues, the other as a result of changing circumstances at home (namely, I know prices are going to fall much further, so why buy now )

themanbearpig

Asking price changes indicate market sentiment. Vendors are getting excited and optimistic by the media driven recovery, and I can see large increases in initial asking prices of all new property (about 15-20% increase asking prices in the area of Nottingham I look at). These increased asking prices will lead to higher selling prices for a few months.

Take a look at these:
http://www.rightmove.co.uk/property-for-sale/property-22071280.html?locationIdentifier=OUTCODE^1780&sortByPriceDescending=false&minPrice=140000&maxPrice=150000&includeSSTC=true&_includeSSTC=on&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DOUTCODE%255E1780%26sortByPriceDescending%3Dfalse%26minPrice%3D140000%26maxPrice%3D150000%26includeSSTC%3Dtrue%26_includeSSTC%3Don
£142k Reasonably priced, and sold within days.

Now this one, same estate agent, just 20m away, interior is not as nice - £175k!:
http://www.rightmove.co.uk/property-for-sale/property-12766581.html?locationIdentifier=OUTCODE^1780&maxDaysSinceAdded=3&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DOUTCODE%255E1780%26maxDaysSinceAdded%3D3