I understand your point, and it is a heuristic at best, but I'm having more and more trouble listening to the ever-growing gymnastics explaining how prices will

I understand your point, and it is a heuristic at best, but I'm having more and more trouble listening to the ever-growing gymnastics explaining how prices will not come down even though mortgage rates have gone from 2.75% to 7+% in the last year-and-a-half. I have yet to hear a convincing argument beyond "people will just stop selling their homes, forever," which is obvious nonsense. Once the adjustable-rate mortgages reset in a year-or-five, many, many folks will be forced to sell. Prices only come down when people are forced to sell at a loss.