Damned lies and statistics

Those hoping for good news on the info front can point to a decline in repossesions and IVAs

BUT

The repossesions at 1% less are statistically irrelevant. They also do not point to the future. They are largely pre credit crunch. If you were in arears on your mortgage no matter how badly or with which lender you could borrow up to 70% of the value of your property and stop a repossesion.

No more. I'l admit I'm not up to date on all the offers but there is no doubt they are a lot fewer than they used to be. They are also a lot more expensive than they used to be. So people who could have put off repossesion 6 months ago will have to sell quick or have a permanent black mark against their credit history.

Is that good for house prices?

Answers in two letters beggining with N