QE is definitely a boost for asset prices, but the economy is way too complex and interrelated to draw such direct inferences.
All things being equal, a QE program ought to raise real estate prices.
All things being equal, a QE program ought to raise real estate prices.
You can get away with light QE. Once you go full QE, to the extent you do it and depending on how long you do it, you'll start to see it destroy the nation's standard of living, eventually collapsing asset prices in real terms.
Fewer people = lower real estate prices.