With the housing market’s woes the latest obsession in the US, many Americans are desperately looking for housing market predictions for 2008. And the latest news is far from encouraging. This from CNNMoney:

Global Insight, the world’s leading company for economic and financial analysis and forecasting, today released the first quarter 2008 update of the U.S. housing valuation analysis, House Prices in America, showing that single-family home prices fell for the third straight period