When the pandemic came, a lot of people really started to kind of value their house more. Research suggests that those changing preferences explain roughly half of the increase in British house prices during the pandemic. But is there not a chance here that a house price correction is just slow to calm? Could this just be the column before the storm? Yeah, that's always possible. So it's just not clear at the moment that we're going to have this lag effect. And so kind of all things considered, the housing boom is definitely over but at least for now, there's not much sign of a housing bust.

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