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Eventually, it should put downward pressure on house prices. Who knows on what timeline.

Current homeowners don't want to give up their current low rates, which would happen if they sold. Less inventory.

It's probably the worst time in history to be a buyer(so far...).

Shiller (of the Case-Shiller real estate price index), came out recently and stated he expects the buy side to slow down once the Fed signals they're done raising rates. He typified buyers as willing to pay increased prices now because they don't want to buy at higher rates. I think I saw it yesterday...

current home owners who sell, end up buying another home most of the time. there isn't any significantly less inventory. housing shortage comes from more.people wanting to buy homes, and new inventory lagging the increase in want to be buyers

For people with a ton of money, sure it doesn't matter. But most people buy nicer and newer houses throughout life, freeing up smaller and older houses for the next generation. When that quits happening, everything gets kinda logjammed.

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