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Personally, I think “Neighbor” comes right after “understand” and not “soon” because in “understand” he asks us if we like home and he mentions that we can hear his house. It would make much more sense if it was then that Home made some sounds in Morse code, who is trying to tell us something.

This becomes specially clear right after the “i-2″ audio, where he suddenly changes topics, most likely to distract us from Home’s answer. This is the exact audio where it seems like Wally seems to lose his cool and seems more unnerving.

Decoded Message: I Will Help You understand, Neigbor. I will find a way soon

Full speech

“There you are. Welcome Home. Ha ha ha!”

“You’re the most! Ha ha ha! ....You’re so still. What are you doing.”

“What are you waiting for. To hear me again? Ha ha ha! I think... That means you can hear me.”

“Can you see me? That’s okay if you can’t. Don’t worry, I know you’re there. You know I’m here too. I will talk to you.”

“Do you like Home? Home is my house. Do you have a Home too? Do you hear it too? You can hear mine.”

[There is no dialogue. Only the sounds of Home creaking, groaning, banging, orsqeaking. ...Morse code?]

“Do you like to draw? I do. Do you know how to draw an eye? First, you draw a circle. Next you draw a smaller circle inside. Then you color it in.”

“That’s what an eye look like. My eyes are black. What color are yours?”

“...I can’t hear you ...Do you know who I am? We’ve looked into each other’s eyes so many times. You’re looking at me now.”

“I have more eyes than I did before. You know how to draw eyes. You draw mine many times. I know it is thanks to you, neighbor, that I can see. But it is still... I can’t... See.”

“...Why won’t you answer me, neighbor. Why can’t I hear you. You know me. You do. Please open. Let me in.”