After falling for the past 18 months, it’s starting to look like the housing market is beginning to stabilise. The Real Estate Institute’s national house price index peaked in November 2021, and it's fallen 18.1 per cent since then. That’ll be a great comfort to many homeowners, while it will also boost confidence across the economy. At the same time, it doesn’t mean house prices are set to take off again anytime soon. We've still got a few headwinds to contend with, such as a potential rise in unemployment, mortgage rates that are the highest in 15 years, and the uncertainty of an upcoming election. Are we at the bottom for the housing market, and where might prices go from here?