Perhaps I'm sort of obsessed with monetary inflation and house prices. However, I believe it is highly important, and not only for people who are house buyers or sellers right now.
This is how the eurozone house price index looks like:
... and this is the explanation why it has looked like that:
Note the bump that peaked in 2008. Yes, it is wrong monetary policy, which creates money bubbles, credit bubbles, property price bubbles, and eventually banking crises. Central banks haven't learned how to fine-tune the economy by using monetary policy yet. Do you think they'll ever learn?