Rightmove August Fall of -2.4%

Graham_Devon

Well I for one am very happy that we have another thread whereby whatever the situation, whatever the numbers, whatever the article states, the "bear gang" as it's put, has shot themselves in the foot again.

I don't like change.

Of course, other months are celebrated as its up, and it's always up on those months....bu in those cases, its always "different this time".

purch

Graham_Devon wrote: »

I don't like change.

We have noticed :eek:

DervProf

Isn't a -2.4% actually a rise ?


Just sayin'.

RUN_RABBIT_RUN

DervProf wrote: »

Isn't a -2.4% actually a rise ?


Just sayin'.

i don't know why, but that reminds me of gordon browns '0% rise in spending' pmq answer. and he wonders why he didn't get re-elected -

http://www.youtube.com/watch?v=4ZRBSE98CDM

PasturesNew

homelessskilledworker wrote: »

Link to follow, from their blog


-2.4% fall

When...? When August has finished??? It's only just half way THROUGH!

chewmylegoff

HAMISH_MCTAVISH wrote: »

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%

This sort of thing doesn't seem to bother you when you are posting yet another "rents continue to soar" post, despite rents always rising during the same months of the year before later falling back...

HAMISH_MCTAVISH

chewmylegoff wrote: »

This sort of thing doesn't seem to bother you when you are posting yet another "rents continue to soar" post, despite rents always rising during the same months of the year before later falling back...

Rents are also rising year on year, and setting new record highs.

chewmylegoff

HAMISH_MCTAVISH wrote: »

Rents are also rising year on year, and setting new record highs.

It would be a bit odd if rents were doing anything other than rising YoY and setting new record highs in nominal terms. They do that pretty much every year as well. Doesn't really change the fact that you're basically calling the OP a retard for doing something which you routinely do yourself.

Generali

http://www.rightmove.co.uk/news/files/2012/08/august-2012.pdf

Down 2.4% in Aug, up 2.0% Y-o-Y.

· New sellers’ drop asking prices by an average of 2.4%, the largest August fall Rightmove has ever recorded
· Olympics fail to deter new sellers – marginally more properties coming to market than in August 2011, increasing pressure on sellers to compete on price to attract scarce summer buyers
· Home-hunters disengaged from their property search activity at key moments during the Olympics, with opening and closing ceremonies and ‘Super Saturday’ seeing plunges of up to 50% in Rightmove traffic
· With average time on the market at 92 days, engaging buyer interest is key to selling before Christmas

Rightmove is a noisy, fairly good leading indicator. It's not as accurate as the Land Registry or (my favourite) Acadametrics but it is out very quickly.

homelessskilledworker

HAMISH_MCTAVISH wrote: »

Rents are also rising year on year, and setting new record highs.

And you think that is a good thing ??