Usher's got it bad -- slashes price on Atlanta Home

Even celebrities and Michael Jackson impersonators aren't immune to the rough housing market. Usher's Atlanta home was listed at $2.3 million back in September but, with limited signs of interest, he has now cut the price to just under $2 million.

The Wall Street Journal reports (subscription required) that the home has five bedrooms, a hair salon, a guest house, a pool, and a professional recording studio. The listing agent told the newspaper that they are pricing the home to sell because the market in Atlanta continues to be weak, and a glut of new construction has made it difficult for older homes to compete.

His new album, Here I Stand, also doesn't appear to be the hit that Confessions was. The album debuted at number one on the Billboard 200 but it's now down to number five in its third week. However Usher is an incredibly powerful concert draw, and should continue to do well there.

Maybe he should buy Michael Jackson's Neverland ranch.