You probably recall playing a game called "Telephone" when you were younger. Someone would whisper a statement into your ear, and that person would pass it on, until the message finally came back to the one who started it. Everyone would break into fits of laughter upon hearing how jumbled the message became as it went from ear to ear. Well, numerous articles have recently appeared in The Wall Street Journal, USA Today, The Chicago Tribune and other publications, stating that the real estate industry is going through a "doom and gloom" phase right now. Just like the "Telephone" game, the story gets bigger and more out of proportion as more media put in their two cents worth.
A few months ago, the media told us the housing market boom
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