2022 rate increases: What will happen to housing prices?

[Michael Johnson]

The fed just announced 3 rate hikes in 2022 vs the original plan to hike only once at the tail end of 2022. What are your thoughts on how that will affect housing prices in 2022? Very low appreciation?

I have a off market triplex under contract with a long close (5/2/22) due to my recent FHA purchase. Im wondering if rates increase in early 2022, would I have been able to acquire this property for less if I waited a little longer? Could I have squeezed the seller more due to the market cooling off? A lot of hypotheticals but I'm curious to see what people think about these rate hikes the Fed just announced.