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Housing Market Hits Brakes as US Prices Fall Most Since 2009*West Coast cities seeing some of the biggest slowdowns*Lazzara warns that prices may continue to decelerateThe US housing market’s sudden reversal is sapping demand and pushing prices down the most since 2009.A measure of prices in 20 large US cities in August fell 1.3% on a month-over-month basis, the most since March 2009, according to the S&P CoreLogic Case-Shiller index. That’s the second-straight month of declines.The housing market has started to slump as the Federal Reserve hikes interest rates to curb the hottest inflation in decades. Even with the deceleration, prices remain high in many cities compared to last year. Coupled with mortgage rates that are edging closer to 7%, many would-be buyers have been shut out, while some sellers have retreated. (...)