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Celebrity Homes, Slashed Prices

Homeowners have taken a beating since the housing bubble burst and no one is safe — not even celebrities.

“As sellers, celebrities are no better than the rest of us!” said Amy Bohutinsky, vice president of marketing and communications at real-estate web site Zillow.com.

Zillow found more than dozen celebrity homes on the market right now that have had to take price cuts and the numbers are astonishing: The listing prices have been slashed anywhere from 4 to nearly 50 percent.

And, being celebrities, who are used to fans paying big money for everything from their autograph to their old guitar, a dramatic drop in the value of their home can be an even tougher pill to swallow than it is for the average homeowner.

“They’re used to having a power position,” Bohutinsky said. “But in this market, it’s the buyers that have the power.”

Here are more than a dozen celebrity homes and the “bargain” price they’re going for now!

Source: Zillow.com