I think that: The inflated price bubble of house prices will surely enough burst in the near future, driving prices down.

Because: One of the most expensive purchases for an individual and a true asset is a house; everyone seeks to put that first step onto the 'property ladder'. With the recent rise in such prices, increase of mortgage interest rates, people deterred to make this purchase. A decrease of demand will consequently drive down prices to attract buyers. Although this will not be an instantaneous major price slash, it will spur a downward trend in prices.

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