Even Celebrities Hit by Housing Bust
Forbes.com lists some of the Hollywood stars who are struggling to sell their homes. Among them, singer Avril Lavigne, Ed McMahon and Vidal Sassoon.
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RENEE MONTAGNE, host:
Our last word in business is celebrity housing bust. Many Hollywood stars are struggling to sell their homes in the bad Southern California market. According to Forbes.com, singer Avril Lavigne has reduced the asking price on her five-bedroom home in the Hollywood Hills - twice. The price on Ed McMahon's home has been dropped 35 percent. It's now quite a bargain at $5.7 million. Vidal Sassoon's historic home on Mullholland Drive is also available for a steep discount. It can be yours for a cool $20 million. Hair products not included.
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