Gary Coleman's house not sold and Stars feel the Housing Bubble!

The late Gary Coleman earned a reported $50 Million in the years he was on Different Strokes the TV show. Yet, losing most of it after the show ended. He later successfully sued his parents and former business advisers for $1.3 Million for misappropriation of funds. Passing away from a head injury last year his home was placed on the market and is still for sale. The estate handlers have just reduced the price of the Utah home now to $225,000 and it is said to still have some of his belongings in the home.

Also, several Celebrities are now feeling the housing BUBBLE, including Hulk Hogan, Mel Gibson and Christina Aguilera have slashed the prices of their homes anywhere from 4%-20%. Christina's home is now $5.99 Million in Los Angeles! 4.1% lower now! 

Britney, Christina and Charlie Sheen Buy and Sell

Charlie Sheen has reported been in the process of buying a Mulhulland Estate Home in California for $7.495 Million. The newly renovated mansion has six bedrooms, nine bathrooms, and tons of space for friends?! Also, Britney Spears has just purchased a a 19 million dollar Mansion!! It's 20,000 sq feet in Hidden Hills Los Angeles. Wow, let's hope she has some great housekeepers!

And another pop diva, Christina Aguillera is reportedly selling her home that she purchased in 2007 from the Osbourne's (Ozzy and Sharon that is) for $13.5 Million. 11,500 Sq feet that had been renovated when she purchased.

 If you have a buyer let me know!

Celebrity Forclosures

Not only are some Americans feeling the pinch with the financial crisis in recent times, but Hollywood Celebs have been feeling some of the crunch as well. Forbes.com reported that an amazing 2.9 Million residential properties received foreclosure notices last year and it's likely to rise another 20% according to RealtyTrac, a firm that tracks foreclosures. So, who's losing homes? 
Segei Fedorov, the retired hockey star, has reportedly lost two homes in Detroit. Toni Braxton lost her Vegas home and now is possibly losing her Georgia country club residence. Nick Cage was reported to be losing 4 homes and Mel Gibson is in trouble with a construction company that has filed foreclosure liens against three properties. For more info check out Forbes.com.

New on the Radio Real Estate Show on AM650

Starting on Saturday the 19th of March, not only will you hear the latest in Lower Mainland and Vancouver, BC real estate markets, you will also hear a new segment with Sheri Brown of RE/MAX Performance Realty. Celebrity Real Estate News! We all buy and sell homes, but it's fun to also hear about what the Celebs are doing with their properties. Tune in on Saturday at 10am on AM650 Vancouver's Radio Real Estate Show with Tom Lucas and Sheri Brown.