Rightmove silly index: 0.0%.

Graham_Devon

So it's done absolutely nothing this month! First time rightmove has ever recorded 0% or less in the height of the new spring bounce season, indicating the market is losing its traditional spring momentum even earlier in the season.

But theres a growing mismatch between the baby boomer generation wanting to trade down, and the generation below them able to trade up.

Two in five seller want to trade down. But one in four buyers want or are able to trade up.

Downtrading was the main reason to sell in all regions, bar London.

Who are they going to sell to? We've talked about this for a while on this forum, and it seems it's now reality. Baby boomers want to trade down, but few people can afford to buy their properties off them. How long can these people hold out?

The reason for trading down, appears to be lack of interest on savings and the cost of living going up. Many baby boomers are paper rich but cash poor, and inflation is taking a toll, the bank of mum and dad has taken a toll and debts have taken a toll, hence the increase in baby boomers trying to downsize.

http://www.rightmove.co.uk/news/house-price-index/may-2012

abaxas

No point putting your life on hold, when you have very little of it left.

Graham_Devon

It should also probably be noted that the olympics is now to blame for the forthcoming price reductions!

abaxas

Graham_Devon wrote: »

It should also probably be noted that the olympics is now to blame for the forthcoming price reductions!

Wrong kind of (ea) games?

chucky

Graham_Devon wrote: »

So it's done absolutely nothing this month! First time rightmove has ever recorded 0% or less in the height of the new spring bounce season, indicating the market is losing its traditional spring momentum even earlier in the season.

Good to see the Rightmove Index high up on the market indicators list for those who didn't think it was a reliable indicator previously.

Next month Rightmove might be positive and it's a pointless index all over again.

Graham_Devon

chucky wrote: »

Good to see the Rightmove Index high up on the market indicators list for those who didn't think it was a reliable indicator previously.

Next month Rightmove might be positive and it's a pointless index all over again.

Theres a reason for the title of the thread.

Graham_Devon

abaxas wrote: »

Wrong kind of (ea) games?

No, the games are good, apparently. But it's going to provide a distraction...and a distraction is a bad thing.

People may forget to move house....or something.

Percy1983

Still a useless index, overall I would have said its always going to point up, so a 0% does make me wonder whats happening.

chucky

Graham_Devon wrote: »

No, the games are good, apparently. But it's going to provide a distraction...and a distraction is a bad thing.

People may forget to move house....or something.

yes you're right, you think it's a silly index but you think it tells you the market has lost it's momentum.

Graham_Devon wrote: »

First time rightmove has ever recorded 0% or less in the height of the new spring bounce season, indicating the market is losing its traditional spring momentum even earlier in the season.

and there's a growing mismatch between those trading down and up.

Graham_Devon wrote: »

But theres a growing mismatch between the baby boomer generation wanting to trade down, and the generation below them able to trade up.

you worked all this out from a silly index, so the above points you made must be silly then. thanks for confirming that.

Graham_Devon

Chucky, just what is the problem?

It's rightmove themselves which state it indicates the market is losing momentum. I am just reporting it.

It's rightmove themselves who state there is a growing mismatch between those trading up and those trading down. I am just reporting it.

I dind't work anything out, it's all on the rightmove report, which can be found directly on the link I included. I just don't take much notice of their fluctuations, thats all, as it relies totally on the one initial price set by the EA and Vendor.

Please, just stop all this.

chucky

Graham_Devon wrote: »

Chucky, just what is the problem?

No problem but I guess you have quite a few. Do you want to talk about them?

Graham_Devon wrote: »

Please, just stop all this.

Stop what exactly? You obviously don't like being asked about your posts and raising points about them. If that's the case, this forum isn't really for you or are you being the drama queen trying to get attention to yourself. Thought so.