Brickonomics

Christmas sales come to the housing market

It's the run up to Christmas and we're in a recession - well if not technically, we're definitely suffering from the recession - so don't be surprised to see redundancies on the rise and asking prices for homes on the...

Posted by Brian on November 16, 2009 7:56 AM

Summer sale has started in the housing market, says Rightmove

Today's Rightmove figures showing a drop of 2.2% in the price sellers are asking for their homes provides a reminder of the need to remain cautious about the direction of the housing market. The numbers are obviously being spun to...

Posted by Brian on August 17, 2009 8:33 AM

Rightmove data suggests a testing time for house prices

One figure in the commentary alongside the latest set of Rightmove statistics caught my eye - apparently there has been a 20% increase in sellers coming to the market compared with the previous year. Rightmove puts this down to resurgence...

Posted by Brian on July 20, 2009 8:51 AM

Rightmove figures provide food for thought on house prices

The latest figures divined from the property website Rightmove show that asking prices fell 0.4% in the month. And at first sight this seem a little at odds with most of the data coming from the housing market of late....

Posted by Brian on June 22, 2009 9:40 AM

Home sellers push up asking prices

The latest figures from the property website Rightmove suggest that sellers are feeling a bit more confident and are pushing up their asking prices. Rightmove puts the 1.8% rise in asking prices in April on top of the 0.9% rise...

Posted by Brian on April 20, 2009 11:56 AM

A phrase I wish I'd coined

As I was giving the recent Rightmove consumer confidence poll a hard time last week, the Bad Science column in the Guardian kept coming to mind. So it was a bit spooky when I read the latest offering from Dr...

Posted by Brian on February 9, 2009 8:39 AM

Rightmove wrong interpretation?

Why is it that when I looked at the data presented in the press release covering the newly launched Rightmove consumer confidence survey I came to a very different interpretation from that given?...

Posted by Brian on February 5, 2009 5:39 PM

Hard cash or car crash - what's driving visitors to Rightmove?

A press release from the property website Rightmove that dropped into my inbox this morning caught my eye. Of course it was promoting its wares - that's fair enough. But what I found interesting was the interpretation Rightmove has put...

Posted by Brian on January 8, 2009 10:13 AM

Asking prices crumble as hope of housing market recovery fades

For those who may have held lingering hopes of a lift in the housing market after the various interventions by the Government and the Bank of England of late will be disappointed by the message coming from the latest Rightmove...

Posted by Brian on November 17, 2008 10:46 AM

Rightmove - wrong meaning

I'm not one for publicly criticising other journalists and their take on things. I feel vulnerable enough myself. But sometimes it is worth clearing up a bit of confusion. I read the Rightmove figures and thought no surprise there then,...

Posted by Brian on October 20, 2008 1:25 PM

Are house prices sliding towards a cliff?

A snap survey by RICS has backed up the figures produced by Hometrack that homebuyers are demanding increasingly savage discounts from sellers. Hometrack puts that average discount at 10%, whereas RICS suggests 9%. But either way there will be a...

Posted by Brian on September 27, 2008 7:01 PM

Housing market grinding to a standstill, says Hometrack

There is further evidence that the housing market is grinding to a standstill in the latest monthly figures provided by Hometrack. Hometrack figures put the annual drop in average prices at about 6.2%. This is a more modest drop than...

Posted by Brian on September 26, 2008 10:46 AM

London sellers take the lead in cutting asking prices for homes

The latest Rightmove figures providing information on what sellers are asking for their homes suggest there has been a swift downward turn in the London market, with more than £20,000 cut from average asking prices between July and August. This...

Posted by Brian on August 18, 2008 9:19 AM

What makes the latest Rightmove figures significant

Let's face it predicting house price movements is like trying to forecast the British weather. You can have a vague clue from the available data, but you are likely to be onto a loser more often than not if you...

Posted by Brian on July 21, 2008 8:47 AM

Housing market gets tougher says Rightmove

The housing market is getting tougher with 15 homes on sale to every buyer, according to the latest research by the website Rightmove. And although asking prices dipped this month they remain at about the same level as last year....

Posted by Brian on June 23, 2008 8:51 AM

"Wrong tactics" by sellers stoke asking prices for homes

The rise in Rightmove's asking price index to a new record high is the result of out-of-touch discretionary sellers testing the spring market with unrealistic prices, according to the property website's commercial director Miles Shipside. Despite the almost overwhelming gloom...

Posted by Brian on May 19, 2008 9:19 AM

Consensus grows on house price falls

Each week with each piece of data and each new forecast the balance of probability weighs increasingly heavily on the side of house prices falling rather than remaining flat this year. Today we see released the spring Item Club economic...

Posted by Brian on April 21, 2008 9:19 AM