2009's ten worst housing markets

Fortune Magazine has predictions for the 2009's ten worst housing markets. You won't be shocked to learn that eight of the ten are in California.

Here's the list, with the projected fall in prices:

1. Los Angeles, CA. 2009 projected change: -24.9%
2. Stockton, CA. 2009 projected change: -24.7%
3. Riverside, CA. 2009 projected change: -23.3%
4. Miami/Miami Beach, FL. 2009 projected change: -22.8%
5. Sacramento, CA. 2009 projected change: -22.2%
6. Santa Ana/Anaheim, CA. 2009 projected change: -22.0%
7. Fresno, CA. 2009 projected change: -21.6%
8. San Diego, CA. 2009 projected change: -21.1%
9. Bakersfield, CA. 2009 projected change: -20.9%
10. Washington, DC. 2009 projected change: -19.9%

For Washington, DC, they predict further price declines in 2010 as well, for a total predicted decline of 24.5% over the next two years.