Rightmove December - +1.4% YoY, -3.3% mom

System

Rightmove just seems to do almost the exact same thing every year.

Generali

HAMISH_MCTAVISH wrote: »

Eating apples with cooking apples is probably about right.

I think Miles has limited options in terms of comparables with what he is trying to point out there....

There are only two other indices which, like Rightmove, use a mean average price and so therefore will at least be in the right ballpark with headline prices.

It's either Acadametrics (and I can't see why he'd want to reference a commercial competitor) or ONS, which only uses mortgage data.

The result from either will be a far better comparison than from LR (which excludes all newbuilds) or Haliwide (which don't provide an "average" house price at all).

Each index measures its own thing and that's pretty groovy as long as the measurer is clear about two things:

- What is being measured
- How it's being measured

Anyone that presents that information clearly is ok by me because that way I can decide how valid the data are for what I want to use them for.

Generally I think this series has a strength as a leading indicator and a weakness as not being very accurate. However as every index is showing the same trend roughly (about flat nominally, down a bit in real terms) it shouldn't be a big arguing point right now although I suspect 6 pages of invective will prove my latter point to be wrong!

homelessskilledworker

Mr._Pricklepants wrote: »

Translation: Not much credence is to be given to Rightmove figures, unless we can spot a downward trend. :rotfl:

Why do you have to be a silly little boy about everything?, why do you have to make everything a battle?

Right now the data is showing a downward trend, that is what is happening in the real world. Now all the rules say that once we get over the first few months of 2013 it will then go into an upward trend, then once we get more than three monthly rises we can THEN talk about the upward trend.

Look Pal it is quite obvious that your presence on this board is just a us and them battle where you give nothing away and show no mercy when things appear to go your way.

Rightmove to be honest is a pretty useless and meaningless barometer to me personaly, I am just stating that it is now showing a downward trend.

Mr._Pricklepants

homelessskilledworker wrote: »

Why do you have to be a silly little boy about everything?, why do you have to make everything a battle?

Right now the data is showing a downward trend, that is what is happening in the real world. Now all the rules say that once we get over the first few months of 2013 it will then go into an upward trend, then once we get more than three monthly rises we can THEN talk about the upward trend.

Look Pal it is quite obvious that your presence on this board is just a us and them battle where you give nothing away and show no mercy when things appear to go your way.

Rightmove to be honest is a pretty useless and meaningless barometer to me personaly, I am just stating that it is now showing a downward trend.

Calm down Foxy.
No battle at all, mate. It was just funny how you dismissed Rightmove data - and then came up with some downward trend analysis (based on dismissed data) in the same sentence.
No need to get upset though. Merry Christmas.

Generali

homelessskilledworker wrote: »

Why do you have to be a silly little boy about everything?, why do you have to make everything a battle?

Right now the data is showing a downward trend, that is what is happening in the real world. Now all the rules say that once we get over the first few months of 2013 it will then go into an upward trend, then once we get more than three monthly rises we can THEN talk about the upward trend.

Look Pal it is quite obvious that your presence on this board is just a us and them battle where you give nothing away and show no mercy when things appear to go your way.

Rightmove to be honest is a pretty useless and meaningless barometer to me personaly, I am just stating that it is now showing a downward trend.

In the black corner we have Mr Pricklepants. Weighing in at 481 posts with a record of 662 thanks in 342.

Iiiiiin the black corner we have Homelessskilledworker. Mr H weighs in at 1,349 posts having been thanked more than 3,000 times.

You both know the rules Gen'lemen. Seconds out...............Round One!

wotsthat

The Rightmove index was designed specifically for this forum - data about the housing market that means nothing.

It's not seasonally adjusted so follows the same patterns each year and so MoM means nothing. Might be worthwhile looking at YoY but if you're going to do that you may as well look at Land Reg.

As HSW points out asking prices are down 8% in six months but up 1.4% on the year - says it all really - some people see a trend where none exists.

HAMISH_MCTAVISH

wotsthat wrote: »

Might be worthwhile looking at YoY but if you're going to do that you may as well look at Land Reg.

And funnily enough, LR seems to be up around 1% for the year as well.

Good news all around. :beer:

BertieUK

wotsthat wrote: »

The Rightmove index was designed specifically for this forum - data about the housing market that means nothing.

I think that many of the figures banded about can be taken with a pinch of salt. Figures are many times meaningless and not designed to be anything other that a general guide that you only take out of it what you wish.