Moody’s Expects up to a 20% Decline in Home Prices if We Have a Recession.

For comparison, in the 2008 crash, prices declined 27%.

According to Moody’s, Oahu is up to 25% overvalued as mortgage rates go above 7%.

Every day sellers ask me if now is the time to sell or should they wait. I say sell now because the market could be a lot lower going forward.