'Ugly Betty' Actress Lists House: Right Place, Wrong Price



America Ferrera, the actress who starred in "Ugly Betty," has listed her Beachwood Canyon home at $1,395,000, which is about what she paid for it in 2008 -- $1,415,000. We are fans of her comedy, but respectfully suggest that she look at her calendar. In the world of real estate, it is anything but 2008 out there.

It's a lesson that Ferrera should have learned, having listed it at $1,685,000 in March 2010 and then dropped it to $1,599,000. But alas, some homesellers just have to learn the hard way that houses that linger, linger long. The trick is to bite the bullet and get out in front of the market that is still spiraling down in many places.