回复：Most places appreciate at least AT inflation rate, but

I know at some hot but already pricy spot like bay area, many people use interest-only mortgage to pay for their house, the loan takes most income, the question is if inflation comes, FED raise interest rate, that defenitely affects those people, also buyer needs to pay much at higher rate, will the market slow down, or still appreciate at fast pace? I'm kind of confused. I know eventually house value will appreciate, but did the past few year's price quick move up already dilute future appriciation?
Any thought?