Good news about hard-pressed homebuyers and house prices – from the bailiffs – Telegraph Blogs

Good news about hard-pressed homebuyers and house prices – from the bailiffs – Telegraph Blogs

Never mind what estate agents or mortgage brokers have to say, the most encouraging news about hard-pressed homebuyers and house prices I have heard lately comes from a group of bailiffs.

Not many people associate debt collectors with good news – and even fewer would wish for one to knock on their door – but what they have to say today shows that thousands of British families are finally beginning to dig their way out of the debt crisis.

It also suggests that the housing market will avoid repeating the rout seen in the 1990s when many hard-pressed homebuyers simply gave up the struggle, posted their door keys through bank letter boxes and house prices plunged.