The decentralised plans of hundreds of millions of consumers and millions of producers and distributors cannot mesh harmoniously in the aggregate if this common money language, as encapsulated in the unit-of-account function of money, is missing.
It is reasonable to think of this as a transitional impact on housing prices that will not reoccur. Both the shift to low inflation, and the comprehensive deregulation of the financial system, are things that only happen once. In broad terms, the adjustment of the housing market to this new environment seems to have been completed by around the middle of the last decade.