Price declines being consumed by higher interest rates?

[lannypoffo]

[rose-colored-coolaid]

It does, and here's why. If I'm a Realtor(R) - is the (R) joke old yet? - I want to sell person X's house. But they get a bunch of agents telling them they can sell it, so I have to promise them a higher price just to get in on the deal.

Now, I'm in on the deal but I know the place is overpriced; it won't sell. What do I do? I could go work real hard to find buyers, and slowly convince the seller to be realistic. But maybe it's easier to scare buyers into spending first and thinking later. I mean, it worked for the last 4 years it's certain to work this time right? RIGHT?