Some research suggests that sales tanked by 26 percent in 2007 — the worst sales year on record.

And existing home sales are struggling too.

Those numbers plummeted 13 percent last year the biggest drop in 25 years.

All of this comes as analysts predict even more trouble in 2008.

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Sales of existing homes in the U.S. fell last month to the lowest level in at least nine years, signaling the housing slump is deepening and will weigh on growth in 2008.

Resales declined 0.4 percent, less than forecast, to an annual rate of 4.89 million from a revised 4.91 million in December that was higher than previously reported, the National Association of Realtors said today in Washington. The group began record-keeping for this measure in 1999.

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