Rich don't care about their house price anymore than you care about 12 year old used car. Nor stock prices, since they don't have to sell for the next two generations.
Right now real Rich are buying like crazy, or waiting for prices to go lower.
Let me put it this way. If today your Grand child is born, and isn't already legally worth, say 50 million. You are not rich.
When I say “rich,” I mean by Democrat standards. The rich are the folks who own the stocks and the real estate.
They are the ones who took the hit.