We are being given a positive forcast for 2008 and 2009, they are expecting a steady 2008 with a good 2009.  The article is worth reading as it states that we shouldn't see a dip at all in home prices this year and an increase in 2009.

Daily Real Estate News  |  January 8, 2008
Existing-home sales for 2007 will probably total 5.66 million, the fifth highest on record, then edge up to 5.7 million this year and 5.91 million in 2009, compared with 6.48 million in 2006. Existing-home prices for 2007 are likely to be down 1.9 percent to a median of $217,600, hold even this year and then rise 3.1 percent in 2009 to $224,400.  More...