Given the smoothing and heavy lag in the Case-Shiller data, it's hard to find a causal relationship between prices and mortgage rates, but with rates remaining above 7%, it seems hard to believe prices can continue their advance...

...but home prices are still tightly correlated with Fed Reserves which have slowed down...

...and a peak in the rate of price growth appears clear across all metros...

How is Powell going to cut rates when home prices are still rising near 7% per year?