8 Celebrity Homes Sold With a Loss, From California to New York

While celebrity homeowners usually see some appreciation in the value of a property because of their star power, Hollywood's elite can't always escape a down real estate market.

The most recent S&P/Case-Shiller national housing report revealed that average home prices dropped to their lowest level in nearly a decade. A separate report from the Commerce Department showed new home sales fell in March by the most in more than a year to a seasonally adjusted annual rate of 328,000 units. The median sales price of new house