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Byline: Dudley Price
Jun. 9--Many of the markets with the biggest declines in home appreciation were enjoying the biggest gains just a few years ago. Government regulators blame speculators for pushing up home prices in cities in Florida and California, many of which are now reeling from depreciation.
"The bottom-20 list looks like the list two years ago of fastest-appreciating cities," said Andrew Leventis, senior economist for the Office of Federal Housing Enterprise Oversight, which tracks housing appreciation nationally. "Speculative demand was probably pretty intense." Take Punta Gorda, Fla. The southern Gulf Coast city had a five-year…