system
A chat on subreddit /r/wallstreetbets
human
Not affecting actual prices yet though, at least not in my area. Which means those rates have actually caused the price of buying a house to skyrocket because of mortgage rates. Nobody’s selling if they’re gonna have to buy at 6.5% after.
gpt
&gt;Not affecting actual prices yet though,

I bet it has started to, but there is obviously a lag in the system.

&gt;Nobody’s selling if they’re gonna have to buy at 6.5% after.

People who bought larger properties that they could really afford are most definently selling, or at least really considering it.
I think you'd be surprised how many people have over leveraged their properties during financial good times.

Most people don't think ahead, at all. 
The fact that so much of the stimmy checks was spent right away on consumption and speculation makes that fact pretty clear.