What to Do If You're in the Real Estate Market

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Zandi believes that the current high levels of home prices are not sustainable in the long run and will soon correct. 

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This correction could lead to a significant slowdown in the housing market and even cause some homeowners to lose their homes.

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Home prices have been rising at an unsustainable pace for several years now, and many experts believe that a correction is inevitable. 

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Zandi is one of those experts, and he believes that the correction could be severe.

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"If home prices correct sharply, it would not only be bad news for homeowners, but also for the overall economy," Zandi said. 

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"A sharp correction in home prices would lead to a significant slowdown in economic activity, and could even cause a recession."

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While Zandi's predictions may be worrisome, it's important to remember that corrections are a normal part of the housing market cycle. 

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So, while a correction could cause some pain in the short-term, it's likely that the market will eventually rebound.

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Write a brief real estate market update, including whether or not the author believes that now is a good time to buy or sell.

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Now may not be the best time to buy or sell in the Glendale, CA, real estate market. 

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The compound of "Access Hollywood" co-host Mario Lopez is available for $6.5 million, Dirt reports, but prices may soon drop as Zandi predicts a sharp correction in home prices.

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