OP said "higher interest rates" relative to historic lows in '20-21. Your comment does not negate the effect that interest rates have had on affordability. The

OP said "higher interest rates" relative to historic lows in '20-21. Your comment does not negate the effect that interest rates have had on affordability. The last time interest rates were this high, home prices were significantly lower than what they are now. Wages have not kept up with inflation.