Consumers will eventually adapt to higher interest rates (e.g., 7%, 6%, 5.5%), causing those who are currently holding onto homes due to low 3% rates but are dissatisfied with their homes, to eventually sell.
"but we're humans eventually we're going to get used to seeing seven we're going to get used to seeing six five and a half and people who've been living at a house because they had a 3% interest but they don't love the house they're not going to be able to stand it anymore"
