FOMO house buyers will feel the interest rate hikes

As we all know from econ 101, house prices increase as interest rates are lowered. This can be seen with house prices increasing upwards of 25% after effective federal funds rates were dropped to 0-0.25%. Due to people FOMOing into the housing market and forgoing any and all inspections, the housing market was once again fueled by irrationality and became a bubble. The Fed plans to raise rates 3-4 times this year and the lumbar shortages have finally been mitigated. New housing starts have increased along with the rates increase as such home prices will further decrease.