House hunters out in force

Rinoa

Emy1501 wrote: »

So can we agree that the OP and the other that agreed with them are talking rubbish now?

My workings out were to show that the OP and others were talking rubbish with their suggestion that after 3 months you would have 18/21 new seller but 750 new buyers. Simple maths could have told them they were not making sense.

I have used the data in the article. Every month each agent sells 6/7.(as per the article). It's not unreasonable to extrapolate that these will be replaced by an equal number.

So every 3 months there will be 18/21 new properties per agent.

The article also suggests that 250 potential buyers register with each agent every month. So that's 750 every 3 months.

So every 3 months there are 18/21 new properties and 750 potential buyers for each agent.

Rinoa

the_flying_pig wrote: »

p.s. I didn't realise Rinoa was lurking on here - he is the worst class of troll imaginable. Everything Hamish says is more or less on the verge of being plausible, it's just a highly biased interpretation of the facts, but Rinoa, dearie me... on HPC he once described the Rightmove index as "a leading indicator" of actual sold prices. I had a terrible choking/laughter fit upon reading the page on which he'd gushed that little kidney stone of wisdom.

I could well have described Rightmove as a leading indicator that closely tracks indices of sold prices (which it does).

If you can find the post exactly as you have illustrated I'll donate another £20 to Sue's holiday fund.

(Wageslave ~ don't bother looking ~ it's not there)

Graham_Devon

Rinoa wrote: »

So every 3 months there are 18/21 new properties and 750 potential buyers for each agent.

Can you not see that this is basically an impossibility?

chucky

Graham_Devon wrote: »

Can you not see that this is basically an impossibility?

not really Grahm - you could quite easily register with 2 or 3 agents so you could easily bring this number down.

the_flying_pig

Rinoa wrote: »

I could well have described Rightmove as a leading indicator that closely tracks indices of sold prices (which it does).
...

that's just wrong. rightmove's all time peak was in spring/summer 2008, almost a year after the halifax peak of summer 2007. it's beyond obvious that any kind of "leading indicator" would have peaked sooner rather than later. RM is a very messy index whose month-by-month variations are almost entirely explainable by seasonal factors, mix variations, and fluctuations in time to sell. it is not, by any stretch of the imagination, a lead indicator of the haliwide indices.

Rinoa wrote: »

...If you can find the post exactly as you have illustrated I'll donate another £20 to Sue's holiday fund...

the search function on HPC is rubbish. especially when it comes to banned posters.

Rinoa

the_flying_pig wrote: »

that's just wrong. rightmove's all time peak was in spring/summer 2008, almost a year after the halifax peak of summer 2007. it's beyond obvious that any kind of "leading indicator" would have peaked sooner rather than later. RM is a very messy index whose month-by-month variations are almost entirely explainable by seasonal factors, mix variations, and fluctuations in time to sell. it is not, by any stretch of the imagination, a lead indicator of the haliwide indices.



the search function on HPC is rubbish. especially when it comes to banned posters.

Hmmm. So you're blaming the search function eh?

Anyhow, here's a graph of all the indices:

http://www.houseprices.uk.net/graphs/

Rightmove maybe a tad erratic, but it broadly tracks the other indices and was clearly the first to spot the house price recovery of 2009 ~ as correctly predicted by the soon to be banned bulls at the time.

Graham_Devon

chucky wrote: »

not really Grahm - you could quite easily register with 2 or 3 agents so you could easily bring this number down.

Yes, that's the impossible bit.

You have finally admitted what we have been saying all along! Well done.

IveSeenTheLight

chucky wrote: »

not really Grahm - you could quite easily register with 2 or 3 agents so you could easily bring this number down.

I've never registered with an agent.
Whenever I've been in the market to buy, I simply review the areas I'm interested in and contact the selling agents directly to arrange a viewing.
Maybe it depends on areas as well.

adr0ck

bit of anecdotal

my brother just agreed sale of his house

1 week on the market

two offers

took offer from buyer who has mortgage approved and is currently in rented

IveSeenTheLight

adr0ck wrote: »

bit of anecdotal

my brother just agreed sale of his house

1 week on the market

two offers

took offer from buyer who has mortgage approved and is currently in rented

Is your brother buying another property or moving to rented?