What you are saying is all super reasonable but I don't think any of this will be happening. The prices literally never come down. When there is an inkling that they might the "Big Gov" (maybe it will be this administration, maybe it will be next) will 100% prop it up, it'll be Kamala's $25k or it'll be another thing but housing is deeply tied into the US Economy and the government (on purpose, not like DJT doing what he's doing... lol) just won't let any of this happen - the prices are not coming down significantly and demand is not going to cool - on the whole.

I live in DC area and since the beginning of this 2nd DJT term we've have DOGE and significant layoffs affecting Northern Virginia and AI-related layoffs and issues with construction (like you I am stoked for anything that prevents people exploitation) etc and yet prices have gone up, most houses in my area (around the Dulles airport) sell within a week. Deep inside VA, my sister-in-law lives in more rural area - same thing, housing prices are going up, everything is selling in reasonable amount of time considering the conditions and interest rates... additionally if we start employing more of "our" people to work there will be a lot more housing demand - not less, no?