I'm almost ashamed to cite the source but, TMZ reported on March 17, 2010, that pop-star Britney Spears is feeling the pain of the California real estate market. It just goes to show that the real estate market doesn't care if you're famous, rich or popular. The market is the market, supply and demand dictate what sells, what doesn't and what the final price will be.
TMZ reports:
Posted Mar 17th 2010 7:03AM by TMZ Staff
Britney Spears is feeling the housing crunch in a big way -- the house she's been trying to unload for 18 months has been reduced by millions.
Brit put the six bedroom mansion on the market back in September 2008 for $7.9 million. It was eventually pulled off and re-listed on Realtor.com Monday for $5.5 million. By the way, it's the home where paramedics showed up and placed Britney on a 5150 hold. She's now doing a lot better than the house.
Read more: http://www.tmz.com/2010/03/17/britney-spears-summit-house-sale-photos-market-price-beverly-hills/#ixzz0iYzJ5aAR