Tuesday, May 19, 2009
Why Are they all so happy that asking prices are up?
Write About Property: Rightmove Index - Raised Asking Prices Don't Mean Market is Bottoming
I cannot believe the level of optimism generated by the fact that the May release of the Rightmove UK house price index showed asking prices had risen for the fourth consecutive month. This time the rise was 2.4% the largest monthly jump since 2003.
That combined with reports of rising activity from the Royal Institute of Chartered Surveyors and the National Association of Estate Agents has brought many people to fever pitch shouting "the market has bottomed, -- don't panic Mr Mannering -- the market has bottomed.
I however am not one of them. I know...
Posted by problem pete @ 09:53 AM (169 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.