system
A chat on subreddit /r/wallstreetbets
human
&gt;Not affecting actual prices yet though,

I bet it has started to, but there is obviously a lag in the system.

&gt;Nobody’s selling if they’re gonna have to buy at 6.5% after.

People who bought larger properties that they could really afford are most definently selling, or at least really considering it.
I think you'd be surprised how many people have over leveraged their properties during financial good times.

Most people don't think ahead, at all. 
The fact that so much of the stimmy checks was spent right away on consumption and speculation makes that fact pretty clear.
gpt
I don't think thats fully comparable, the stimmy's were pocket change relative to home purchases and even then IIRC the majority of mortgages are fixed rate so you aren't going to see the sudden spike in defaults/forclosures like 08.  I have no idea if house prices will ever drop to match the increase in rates - IMO it could go either way like we could see houses become assets you pass down like a rent controlled apartment in a huge city.