As we are all acutely aware, the economy is in the shitter - especially the real estate market. And it's affecting everyone, even celebs!
Last year, the Lady Gaga-inspired Christina Aguilera and her hubby purchased a home in Beverly Hills for $11,500,000.
The mansion belonged to the Osbournes and was the house shown in their fabled MTV reality show.
So, after finally moving in to her new home, Aguilera put her old pad up for sale this past April. That's the house she purchased back in 2003 and paid around $5 million. It's 5,411 square foot, 4 bedroom, 7 bathroom home.
And, although rumors are that some celebs and possible potential buyers have checked out the location, no one has put an offer down yet for her asking price of $8 million.
So in an attempt to sell the house, they've had to lower the asking price by 12%. That's $1 million less than what they originally wanted!
Looks like she might have to hold out a bit longer or lower the price again. Because for that amount, it probably won't sell for a while longer!
[Image via WENN.]