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Are housing prices headed for a fall? - Thu, 3 Aug 2006 22:54:16 GMT

Real estate signs advertise the sale of three homes in a row in Encinitas, Calif. Thursday, July 13, 2006. California's housing slowdown hits a dubious milestone, with year-over-year prices in San Diego County falling in June for the first time since the state housing boom began there six years ago. It's the first major California real estate market to see its median home price fall below year-ago levels.  (AP Photo/Denis Poroy)

As the slump in the U.S. housing market picks up speed, homeowners and sellers in the once-hottest markets of the country now face the biggest price declines, say analysts.  By MSNBC.COM's John W. Schoen