We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Rightmove August Fall of -2.4%

Link to follow, from their blog


-2.4% fall
«134

Comments

  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Don't worry, someone will be along shortly to point out they're asking prices;)

    ....and you're a very naughty girl for sneaking over to Housepricecrash!
  • Tellytuby
    Tellytuby Posts: 22 Forumite
    The argument about dont worry they are asking prices is more relevant when rightmove shows increase numbers, because optimistic sellers try it on with a high price.

    When these sellers are dropping asking prices by around 2% per month this is a good indication that they will accept a lot lot less.
    The latest survey data suggests to us that the UK housing market is like a tyre with a slow puncture. You can keep putting air into it for a while, but no matter what you do, eventually it’s going to go down a lot.
  • House prices won't crash it's a supply and demand issue
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    Rightmove prices drop around 2% every August.

    The index isn't seasonally adjusted.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Rinoa wrote: »
    Rightmove prices drop around 2% every August.

    The index isn't seasonally adjusted.



    I will try and contain my amazement that you would say that
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Most bookies would give fairly short odds for predicting a Rightmove fall in any month of August

    August 2012 -2.4%
    August 2011 -2.1%
    August 2010 -1.7%
    August 2009 -2.2%
    August 2008 -2.3%
  • Rinoa
    Rinoa Posts: 2,701 Forumite
    wotsthat wrote: »
    Most bookies would give fairly short odds for predicting a Rightmove fall in any month of August

    August 2012 -2.4%
    August 2011 -2.1%
    August 2010 -1.7%
    August 2009 -2.2%
    August 2008 -2.3%

    :rotfl:

    The befuddled bears fall for it every year.
    If I don't reply to your post,
    you're probably on my ignore list.
  • Rinoa wrote: »
    :rotfl:

    The befuddled bears fall for it every year.


    Fall for what??
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I will try and contain my amazement that you would say that

    I will try and contain my amazement you didn't know that.

    August 2012 -2.4%
    August 2011 -2.1%
    August 2010 -1.7%
    August 2009 -2.2%
    August 2008 -2.3%

    :D
    “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”
  • I will try and contain my amazement you didn't know that.

    August 2012 -2.4%
    August 2011 -2.1%
    August 2010 -1.7%
    August 2009 -2.2%
    August 2008 -2.3%

    :D


    Ehhh!!

    Do you always just say things that you THINK others are thinking.

    I have not once in this thread given an opinion, and even when there was a -3.4% rightmove fall I stated on this board that people should not read anything into it.

    Stop making things up Hamish in order win you silly little battles, apart from the fact that I do not have a high opinion of rightmove data either way I am fully aware that there is a lull in August and December, and a rise in spring,
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.