If house prices are stabilising, this is one of the signs that low interest rates and quantitative easing are working. Now the question becomes...when to stop? How to prevent hyper-inflation and not a double dip bust?
This is no mean feat and and one that will require much thought and swift policy. Sadly, we have a regulatory mess and a fag-end Government, so I don't give us much chance. The alchemy of money for nothing to boost a housing bubble is a nasty brew.