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7. Fresno
2008 median house price: $257,170
2009 projected change: -21.6%
2010 projected change: -3.3%

Fresno is located between Los Angeles and Sacramento, but it shared their housing woes. Prices in 2009 are expected to fall 44% from just two years ago.

NEXT: San Diego
Last updated December 22 2008: 4:43 PM ET
Source: Sources: National Association of Realtors; Moody's Economy.com
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