[kabar]

People don’t buy a price. They buy a monthly payment. When rates are high, home prices are low. When rates then go down, prices go up AND you can refinance. Both put the homeowner in a better position.

For the buyer perhaps, but the seller doesn't benefit.

[cuban leaf]

I’m talking about the buyer.

The seller benefits when interest rates are low. It allows them to charge the maximum price. The buyer benefits when interest rates are high. It suppresses prices and allows them a larger tax deduction from the monthly payment. And when interest rates DO go down they can re-finance and save a bundle as well as sell for a higher price.