Housing prices will still increase significantly as supply is stupidly low and the fewer people that want to buy a new home also means fewer supply of homes since ~80% of buyers are existing owners and with nearly all recent buyers in fixed mortgages and high incomes (or all cash), almost no risk of a repeat of 2007-2010 here in housing. And there just isn’t that much new home supply - and the cost of those is significantly higher than existing stock.
Is this a bubble that's going to burst or a sign of more of the same? If people keep coming, why would the price of a house go down?