The Latest Rightmove Survey .....

[LuckyOne]

I was pleasantly surprised when I completed the most recent Rightmove survey.

The logical inconsistencies of previous surveys are now gone.

It is also possible to give an opinion about the value of houses now and in the future. The largest drop is only 10% but at least the structure of the survey is a step in the right direction. There is also a question about timing of purchases and sales which supports the notion that there is a quite effective buyers strike going on. There are a few breaking ranks but not many based on recent transaction levels.

The fact that the market might actually start to fall harder than the gentle drops that we have seen recently seems to be becoming embedded in the mindset of Rightmove given the more bearish structure of their survey.

This is yet another leading indicator to suggest that the market is slowly catching up with most people here.

[Deckard]

Ah, but do you expect this to have any meaningful impact on their next HPI, due April 18?

[LuckyOne]

Ah, but do you expect this to have any meaningful impact on their next HPI, due April 18?

Not at all.

The market moves at glacial pace until it reaches some sort of critical mass and then it falls very quickly. This is simply another nudge in the right direction and is clearly not enough for it to reach critical mass.

The market is Fukushima'd. It just doesn't know it yet.

[We’re all in this together]

There is also a question about timing of purchases and sales which supports the notion that there is a quite effective buyers strike going on. There are a few breaking ranks but not many based on recent transaction levels.

The fact that the market might actually start to fall harder than the gentle drops that we have seen recently seems to be becoming embedded in the mindset of Rightmove given the more bearish structure of their survey.

This is yet another leading indicator to suggest that the market is slowly catching up with most people here.

Buyers can do more than simply sit on their hands. There are thousands of us, and we need to be more active to counter the constant propaganda spewed out by the giant government/banking/housing axis to keep the bubble inflated. I know there are a few HPCers doing this, there should be thousands.

If you see a house that you genuinely fancy but is way over priced, go have a look, make a lot of enthusiastic noises (to get their hopes up - it softens the target), then make an offer correspondingly lower than what you believe the house is worth. If you get lucky they'll meet you half way, and you've won, but if not, and if enough of us do this, sellers' confidence will be seriously undermined. Every so-called 'derisory' offer is a ***** in the bubble.

At the moment there are too many of us behaving like helpless spectators, we have a great opportunity to wield our power to influence the market.