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Britney Takes a Hit ... in the Housing Market

3/17/2010 8:03 AM PDT BY TMZ STAFF

Britney Spears is feeling the housing crunch in a big way -- the house she's been trying to unload for 18 months has been reduced by millions.

Launch photos

Brit put the six bedroom mansion on the market back in September 2008 for $7.9 million. It was eventually pulled off and re-listed on Realtor.com Monday for $5.5 million.

By the way, it's the home where paramedics showed up and placed Britney on a 5150 hold. She's now doing a lot better than the house.

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