kewp
Yes, I wish the mess will be corrected by itself with price adjustment also!

Fed will be very likely to lower interest rate if the housing market crashes. However, the Fed can only lower 1/4 or 1/2 the most at a time. Also, it can only change the Fed rate during to the meeting schedule.

Hopefully, the market will crash hard and fast to correct itself. Even the Fed lowers the rate, it won’t stop the correction.