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I found this YT channel "Reventure" where the guy has some simple formulas for determining which housing markets are likely to drop when interest rates start going up, and which ones probably will be fine. It makes sense to me, but I don't know much about real estate. He also has charts showing where it is better to rent a home than purchase one. His red and blue colored maps seem to match up with what I have found by scouring through house listings. Red means its better to rent and/or wait to purchase, blue means it is better to own or purchase now. Here is an example vieo:
View: https://www.youtube.com/watch?v=z8vAzX730a8
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