Rightmove November -1.6% MoM, +1.6% YoY

tommy75

HAMISH_MCTAVISH wrote: »

It's playing out much as predicted by both sides for winter, gains reducing on lagging indices, leading indices going negative, so there's not much to debate at the moment.

But I note the YoY gains are starting to kick in as expected. :beer:

Which is obviously not good for anyone who delayed purchase or STR-ed in hopes of falls. Up until now, at least they could console themselves with YoY falls, but that won't be the case for much longer.

Here, I'll help. Buy now before you miss the boat you already missed over the last 9 years! Prices won't be this low for forever! Pay off them debts and save a 25% deposit quick! Get that brilliant interest rate mortgage now and borrow your limit to get that ex council house, interest rates will be low forever, don't hesitate, you job is safe! Buy now!

Graham_Devon

HAMISH_MCTAVISH wrote: »

Ummm, not quite. TDGTTS only deals with asking prices.... It's about as meaningless as the Rightmove index or property bee.

Nationwides house price index on the other hand shows what is happening with sold prices, which in fact have risen by 9% in the last quarter in Northern Ireland.

:beer:

Halifax does too. However, widely ignored as the Nationwide is a better indicator for the bulls

Crash_Over

Mr_Mumble wrote: »

http://www.rightmove.co.uk/news/house-price-index/november-2009
http://www.uploadlibrary.com/rightmovenews/SeeMoreUK_newsletter/SeeMore_Nov09/Landing_page/UKHPI_Nov.html?utm_source=uknewsletter&utm_medium=email&utm_campaign=Nov09




The "time on market indicator" is at its highest level since February but for London alone the indicator is near yearly lows. Kensington and Chelsea continues to show they're on a different planet (+3.9% Month on Month compared to a next best in London of -1%), perhaps news from Dubai will knock 'em!

This is the Rightmove index already released on November 16th and discussed previously.

But as it's the only index going down, maybe we should let the bears have it twice.

:rotfl::rotfl::rotfl:

the_ash_and_the_oak

I'm "a bear" - I don't really want it tbh so someone else can have mine

davilown

BACKFRMTHEEDGE wrote: »

I think you meant cue not queue.

Would it not depend on the way it was said?

System

davilown wrote: »

Would it not depend on the way it was said?

Yes, of course.

nembot

Nearly got on the boat last time, got told I missed it - yet saved 30k buying few years later, when it docked for repairs.

Some people on here still think the world is flat, apparently...

Generali

If there was a steady relationship between sale prices and asking prices you'd expect this to be an indicator of future price falls. However there isn't and the Rightmove figure seems to me to be especially volatile although I haven't actually measured the volatility of it.

tommy75

It's all too exciting.

hunnybunny86

PaulW1965 wrote: »

Wonder what size the "spring bounce" will be

I can't wait...the suspense is killing me. We have waited over 2 years to sell our one bed flat just to break even!