This is an important question that deserves careful consideration in order to be a successful real estate investor.
Let's start with first principles -- what do we know to be true about real estate?
As interest rates have rapidly risen from historic lows, home owners that would otherwise consider selling are having a difficult time justifying trading in a home financed at an interest rate in the high 2s or 3s for a home in the 6s or 7s. As a result, if interest rates remain elevated, we believe there will be less selling. Less selling means less inventory (supply). This will support elevated home prices, or at least reduce the chances that we see a broad decline in home prices.
There are a few sayings that drive home the answer to this question: