If interest rates rise quickly enough (which might be as little as 1% in a year), then the real estate market will stall put in most places. First time home buyers will be able to afford less, so sellers will have to drop prices. Which they won't want to do at first, and most will just choose to stay rather than take a loss or sell for less than what they think their house is worth. It's a sellers market everywhere, and I've never seen it so lopsided. It would be good for everyone if it shifted back the other direction.