Each house market would act differently, some with a depressed recovery, some a whipsaw recovery. Watch your own market as the rule applies "last to go up, first to go down". Coastal markets will drop enough, interior less. Here is a good Case Shiller analysis of prices over time for markets. Buy when it gets near last periods low prices (do own analysis, don't rely on my flippant date mention though...).

https://wolfstreet.com/2019/08/01/housing-bubbles-chicago-da...