Houses are still way overvalued and have not given back the huge price spike at the beginning of Covid.
As long as the supply continues to be low and the globalists keep our borders wide open, increasing our population by millions annually, even raising mortgage rates to as high as 10% won’t bring down home prices to pre-covid levels. Both buyers and renters are screwed for the foreseeable future. The only people who are in (relatively) decent shape are owners with fixed low rates or whose property is all paid for.