Rightmove Record Site Traffic

Mr_Mumble

People looking for house price falls after the stamp duty increase.

For anyone who uses Property Bee, have you seen a fall in the £125,000-175,000 price range?

DaddyBear

nollag2006 wrote: »

My cunning plan to Sell to Rent could just work.

Here is the proposed plan:

1) Take advantage of the rapidly rising house prices and sell my entire portfolio by the end of the month

2) Come on here an wail and moan at all the economic data coming out (Plenty of "Life is soooo unfair" stuff)

3) Read lots of rubbish from Jon Boy Davis and Friends on HPC - thereby convincing myself this is a really really good idea

4) Repeat steps 2 and 3 until the market has well and truly pulled away from me, and I'm stuck in rentals until old age

This strategy works !! Jon Boy STR'd in 2002, and is still moving between steps 3 and 4.

Yawn yawn yawn

stueyhants

So the only people who look on rightmove are those looking to buy a house???

You don't think people who are thinking about selling might look around at the local market giving them an indication of competition and likely sale price.

Of course this doesn't fit in with what you want to happen so you'll ignore this possibility.

HAMISH_MCTAVISH

stueyhants wrote: »

So the only people who look on rightmove are those looking to buy a house???

You don't think people who are thinking about selling might look around at the local market giving them an indication of competition and likely sale price.

Of course this doesn't fit in with what you want to happen so you'll ignore this possibility.

Of course sellers look too. But the vast majority of sellers also become buyers.

You cannot try to spin record rightmove traffic as anything other than positive for the property market though.

tomterm8

Heck, lots of time people are just nosing around looking at the next door neighbours awful decor. As an anecdotal, one on the houses in my street just sold at a 40% markup over 7 years, and it had awful decor, but not as bad decor as mine, since I am againt decor-ating if possible.

nearlynew

While sat in a pub on a local high street earlier I noticed loads of people stopping outside the estate agent across the road and looking in the window.

Fantastic.

Rampant HPI must be just around the corner.

nollag2006

nearlynew wrote: »

While sat in a pub on a local high street earlier I noticed loads of people stopping outside the estate agent across the road and looking in the window.

Fantastic.

Rampant HPI must be just around the corner.

Interesting - even in this weather people are property hunting.

This time last year, there was no-one stopping to look in EA's windows.

Fantastic.

Rampant HPI must be just around the corner

Spartacus_Mills

HAMISH_MCTAVISH wrote: »

Who? Never heard of him.

I don't think he will be too unduly concerned.

HAMISH_MCTAVISH wrote: »

And he obviously didn't demolish anything, as the shortage of housing for sale is an indusputable fact, not a myth.

Given that it is disputed, and not just by him, your statement is palpably untrue.

HAMISH_MCTAVISH wrote: »

There is no other way prices rise by 10% in a recession, on a third of the mortgage lending of 2007, when the rates paid by new borrowers are the same as 2007.

There's about 90,000 transactions a month at the moment, including cash buyers.

This number has increased since february, although will dip over winter, as it's seasonally normal for it to do so.

The amount of stock in the system has reduced from 1.1 million a couple of years ago to just 640,000 today. At the same time, new rental instructions are now at their lowest level in history, according to RICS.

So where did all the houses go? If not for the fact that increasing population is consuming more houses than we build, so available stock is decreasing in both rented and for sale houses.

650,000 offered for sale at any one time.
90,000 purchases

All you are showing is the oversupply is reducing and supply and demand are coming back into equilibrium.

Davesnave

Rightmove used to stop sending details after 90 days if people didn't renew. Since about the middle of last year they seem to send them indefinitely, or until you ask them to stop. After a few years of Rightmove, it does become a sort of ritual and I'm sure people get hooked.



I still have my Rightmove alerts sent every day for [STRIKE]two[/STRIKE] three reasons:

• I can play 'Spot the good one.' This involves saving the ones I'm sure will go quickly and checking if I was right after a month or two. I have a good record on picking those.
• I can renew acquaintances with property I didn't buy, or maybe even go after, as it comes around for the umpteenth time. (very common with Welsh property!) 'Oh look, there's Mrs Jones. She's still at £425k, but it's a new agent. Stupid woman!'
• This is going to sound very bullish, but I have to admit I also look at local comparables..... and frequently go ' Mwa-ha-ha-ha!!!'

It's quite a nice way to start the day.

Sorry!:o

Mr.Brown_4

I am not looking to buy a house, or rent one. But I use Rightmiove a lot to see what property prices are doing - so I can report back to MSE anything of interest. Among those millions of eager purchasers are at least a few people like myself performing a useful and largely thankless task.