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Rightmove: +0.3%MoM, +5%YoY
WISHIWASRICH_2
Posts: 222 Forumite
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aQ7pMxCJwWmwRightmove figures show asking prices rose in June for the sixth month in a row, but at a lower pace than in May. London home sellers raised asking prices to a record as they sought to tap the housing-market recovery and benefit from the scrapping of costly disclosure rules. “There is a bit a post-HIP party atmosphere, with estate agents glad to restock their shelves and new sellers willing to give moving a go with fewer cost commitments,” Miles Shipside
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Rightmove suggests people are asking for more money. Outstanding. What are the actual sale prices?"For those who understand, no explanation is necessary. Those who don't understand, dont matter."0
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but what about this?
http://www.introducertoday.co.uk/News/Story/?storyid=3148&title=Asking_prices_for_houses_are_way_too_high%2C_says_Rightmove&type=news_features
specifically; “Serious sellers in all but the most popular hotspots are going to have to reduce their asking prices unless buyer demand recovers after the World Cup.”"For those who understand, no explanation is necessary. Those who don't understand, dont matter."0 -
at the moment on average 93% of the asking price is being acheived so if that moves with asking prices sale prices will increase.but what about this?
http://www.introducertoday.co.uk/News/Story/?storyid=3148&title=Asking_prices_for_houses_are_way_too_high%2C_says_Rightmove&type=news_features
specifically; “Serious sellers in all but the most popular hotspots are going to have to reduce their asking prices unless buyer demand recovers after the World Cup.”
just looking at asking prices is just really measure sentiment of the future market.
can't disagree with that but it's an opinion or prediction just like this one that really say the same thing which is that the increased supply needs the demand for the rises to continue...
http://news.bbc.co.uk/1/hi/business/10219681.stm"The current supply-demand balance on the market is still consistent with relatively stable to modestly upward trending prices."0 -
WISHIWASRICH wrote: »Rightmove suggests people are asking for more money. Outstanding. What are the actual sale prices?according to the the other 'sales' index's they're higher or about the same as last month...
Given the above, howcome loadsapeeps on other threads are telling us that prices are falling?It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
i can imagine thatlemonjelly wrote: »Given the above, howcome loadsapeeps on other threads are telling us that prices are falling?- bad properties in bad areas don't sell very well because there are better options for buyers.
- bad properties in good areas only sell but if very competitivly priced
- good properties in bad areas sell if competitively priced (note not if 'very competitively' priced)
- good properties in good areas are selling.
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Directly from the Rightmove report's overview (rather than a news agency interpretation) ......Miles Shipside, commercial director of Rightmove, comments: “They say that troubles come in threes. The continuing mortgage famine has now been joined by a surge in sellers following the abolition of HIPs and investor reticence driven by rumours of CGT increases. Together, these factors are likely to put an end to this year’s recovery in house prices. It is an unfortunate concatenation of events that disrupts what was sort of passing as normal service, where investor appetite provided an uneasy balance to the first-time-buyer-starved market. A surge of HIP-free properties has come to the market, and mortgage-reliant buyers and wary investors are failing to match the increased supply. That spells tougher times for sellers and tenants, with more properties for sale and fewer finding their way into landlords’ hands”. Having seen average asking prices rise for ten out of the last 14 months, and a 7.4% increase in the first six months of 2010, we forecast that new seller prices will fall during the second half of 2010 to give an overall price standstill for the year.0
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ahhh yes but by your own admission you claim that you are...There is a lot of background information in the quoted text. The highlighted bits appear to me to be the conclusions / forecasts made by Mr Shipside on behalf of Rightmove.
Do you not agree?
if you were so impartial you would have highlighted more of the Rightmove's report apart from the more negative detail...What I was most certainly not trying to do was join in the puerile bull/bear baiting that appears to considered "debate" by a small number of infantile posters on this board.0
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