How much do house prices need to decline to make up for higher interest rates
We are planning to move to Atlanta area sometime next year. The rising interest rates have us a bit concerned we are going to get hosed on our mortgage. However, the areas we are looking are showing some significant price drops. Maybe on average around 5-10%. We were wondering if the price will drop off enough to make up for higher interest rates. Here is a table that shows that calculation for several price points and interest rate levels. 
https://therentalwire.com/blog/home_prices_interest_rates_sensitivity.html
We are certainly not at the point where price drops have made up for higher interest rates but it could get there.. but of course interest rates could go even higher which makes things even more difficult. Of course I know many will say 6-7% interest rates are not that high based on historical rates. Yes, but that was in the day when housing affordability was much better than it is now.