A few things to consider are if/when inflation returns due to the rampant money printing of late will housing start to turn around? And will it be artificial or will it have hit bottom?
And then, we know it’s only a matter of time before the Fed has to raise rates, so how bad will inflation be by then and how much harder will that hit housing?
I can see it already: housing falls for 6-10 more years by which time people have forgotten the Great Housing Crash of the late 2000s and after a year of modest gains brgin saying RE is under-valued again.