There will be properties that sell for less than the vendor...

There will be properties that sell for less than the vendor initially paid.

If the vendor is under mortgage stress they have little choice but to do so.

However....does mortgage stress mean the property is worth less? I guess we all have our views.

....or does it mean the new buyer is getting the house at a price they can as the seller has to sell in order to get out?

Your more likely to sell for less if your under the pump to sell quickly.

Then there are those under stress and also paid too much for their property.

Whether a boom or bear market, there are always some vendors under stress as they have overcommited, perhaps more so in a higher interest rate time than a lower one....agree.

yes the interest rate jumps have hurt people, and yes SOME areas will feel the pinch......but overall the market is not going to fall 50% across the board.

These articles that spring up single out 10 properties that have sold for 20-30% less are just that.....10 properties.

What about the other coupla thousand that sold at reasonable expectations by both buyer and seller?
.... where the vendor is under no stress to sell?

Or a vendor who hasn't overpaid to start with?

All depends on each individual situation imo.