What do you think will happen to housing prices when 70% of all homes purchased AND refinanced in San Diego since 2004 reset to higher interest rates?

We’re talking about 70% of 100,000 homes sold, plus 70% of unknown numbers refinanced, for a total of possibly 100K – 200K homes. What happens when they reset to higher interest rates? So you think that prices will drop less AFTER these mortgages reset, than before?