Hello, Share Tweakers. Scrolling through the rich Shareprophets archive, I'm surprised at how many times I’ve commended shares in Rightmove (RMV), the housing portal. But my view hasn't changed, even in these strange times. We are considering selling our South Wales home and the estate agents tell us they’re in the middle of a selling boom. At the same time, there’ve been reports in the press that this won't last and the current house boom will soon turn to bust...
Hello, Share Plumpers. It takes a brave investor to consider trading the housing market now. Many analysts believe that the virus will knock incomes and make buying a house impossible for many. Others believe that the huge amount of DIY going on in lockdown will make folks happier to stay where they are. Plus GDP is linked to house prices and a virus-led slump in growth would also knock home sales. But there’s also counter-arguments.
Hello, Share Travellers. It’s hard to see how the virus will affect the number of homes being put up for sale in Blighty. So it might be a good time to look at Rightmove (RMV). It’s a wormhole to connect buyers with sellers. And I suppose most people seeking a home would have a nosey there...
Hello, Share Twirlers. Twenty years ago, if you wanted to buy a house you turned up in the town and trudged around the local estate agents, of whom there were loads. Now you pop your price range and location into a website and you have all the information you want in a few minutes. You only need to visit a house personally when you're fairly sure you want to buy it.
Hello Share Snatchers. Back in the fifties when dads were obeyed, pater urged me to be an estate agent. I'd rather be a reporter and I summoned enough courage to defy him. And jolly good too, as these days estate agents may be becoming a rarer species.
Hello Share Swipers. Though I think house sales will remain sturdy, despite the doubters, I am not so sure about internet estate agents. Rightmove (RMV) is one of those companies which you expect to do well for shareholders as internet house-selling seems to be gaining in popularity. But a popular service is not automatically such a good investment.
Hello Share Squashers. Having looked hard for a house in the not too distant past, I can attest to how useful the big online estate agents really are. You just plonk in your location and price range and there you are. Saves oodles of time. It even allows you to know what your chosen house sold for last time and when.
It is interesting that although the housing market is been almost entirely consistent over recent years and months, the share price of online estate agent Rightmove has undulated perhaps rather more than one would have expected.
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