The decrease may be larger than you think. E.g. if a house was worth $100k, it went up to $150k, and then down to $123k. The net gains vs pre-covid are ~23% now, so people lost a little over half of the gains.
Whereas people who are priced out of the housing market instead enriched their landlords to an obscene amount in that same time frame, so pardon me for not shedding a tear for a homeowner that didn't make top tier gains.