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Rightmove Nov + 1.2% YoY, -3.1% MoM
HAMISH_MCTAVISH
Posts: 28,592 Forumite
And before anyone gets too excited, last November was -3.2%, so slightly better than the same month last year and still up year on year.
More interestingly, supply is absolutely falling off a cliff, with new listings down a staggering 13% MoM and 11% YoY.
Looks like the shortage of houses on the market is about to get brutal.
More interestingly, supply is absolutely falling off a cliff, with new listings down a staggering 13% MoM and 11% YoY.
Looks like the shortage of houses on the market is about to get brutal.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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So supply goes down, and so does price.
Will that compute with some of you lot?!0 -
Graham_Devon wrote: »So supply goes down, and so does price.
Will that compute with some of you lot?!
Price rises or falls do tend to lag supply changes.
Regardless, we'll see for sure over the next few months by looking at the actual sold price indices.
Should be an interesting winter for a change.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Wow, just what I have seen about here ..... nothing coming to the market, that which does is sold within hours ... maybe minutes in some cases!
There are buyers aplenty - but nothing to buy .... buyers get desperate and asking prices are offered as soon as anything appears on the market.
Those on HPC must be sobbing all over their months rent ...... hilarious!!Bringing Happiness where there is Gloom!0 -
Wow, just what I have seen about here ..... nothing coming to the market, that which does is sold within hours ... maybe minutes in some cases!
There are buyers aplenty - but nothing to buy .... buyers get desperate and asking prices are offered as soon as anything appears on the market.
Those on HPC must be sobbing all over their months rent ...... hilarious!!
Do you believe any of that drivel that you have just posted. It does not matter about the housing data that is coming in now, good or bad. What matters is what happens once we go back into recession the 4th quarter or 1st quarter 2012 along with credit crunch stage 2.0 -
homelessskilledworker wrote: »Do you believe any of that drivel that you have just posted. It does not matter about the housing data that is coming in now, good or bad. What matters is what happens once we go back into recession the 4th quarter or 1st quarter 2012 along with credit crunch stage 2.
What has a recession - or a credit crunch got to do with using savings to buy property? Has no effect whatsoever.
What DOES matter is the supply ..... and that's dried up over the past 12 weeks.Bringing Happiness where there is Gloom!0 -
Does anyone care about asking prices? I know that I won't be offering equal to the asking price when I buy, it will be a certain double percentage less.
:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Does anyone care about asking prices? I know that I won't be offering equal to the asking price when I buy, it will be a certain double percentage less.
"When you buy" ......................... ha ha ha ha ha ...........
I really don't think predictions are at all accurate 150 years in the future!!!
You will never buy, maybe you haven't the ability to, or you choose not to .... but, fact is, if you were going to buy you would have in 2009 when the bottom of the market was abundantly clear.Bringing Happiness where there is Gloom!0 -
Asking prices? They can ask whatever they want. In my area of North East England there's only one way selling prices are going and thats down. No shortage of cheap homes round here.0
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What has a recession - or a credit crunch got to do with using savings to buy property? Has no effect whatsoever.
What DOES matter is the supply ..... and that's dried up over the past 12 weeks.
Are you for real:rotfl:
Amazing lack of understanding of economics, a property market cannot stand a rigid credit crunch, end of!!
I will say the same to you, do you believe the drivel you post. Forget what Rightmove are saying today, and for the record they are saying asking prices are -7% down on ONE month in my area, the economic collapse next year will finally bring to an end to Gordon Browns illusionary miracle economy.0
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