Is the glass half-full or half-empty?

The confusion that exists as to the direction that the real estate markets are headed can be summed up by the following two headlines which appeared in the December 7, 2005 issues of the South Bay Daily Breeze and the Los Angeles Times in reporting on the same annual business forecast of the UCLA Anderson School of Business:

“UCLA Report Sees Housing Dip” - South Bay Daily Breeze

“Hot Housing Market Still Cruising” -  Los Angeles Times