I bought a brand new house in 1980 with a 13% mortgage after hearing the exact same thing then.
(My next door neighbor there had an 18% mortgage)
Just wait till Jimmy Carter like mortgage rates hit this bubble.
In 1983 my mortgage was 13.5%. I think too many people are getting too alarmed over home prices these days.
As you and I know the 1980s, with interest rates as high as they were, was a poorer time to buy a house than are present times.
Our first house was bought in ‘83 at about the same interest rate.