Median single family home prices on Oahu went up 9.5% vs November of last year! While some keep waiting for a potential crash the market moves further and further away. Condos did go down by 4% to $480,000 with perhaps more inventory choices there. Instead of waiting for interest rates to come back down, why not buy now with the decreased buyer competition, get a good deal, and then refinance later when interest rates go back down? No crash or drop in prices will be significant enough compared to the amount of appreciation we have experienced in our market in the last 2 years. Interest rates actually dipped back down a bit and most of my buyers are looking at 5-6% instead of 6-7% just a month ago.