2011-02-07 03:02:16 -

Rocker JOHN MAYER has become the latest star to take a hit in the Los Angeles housing market after selling his Pacific Palisades pad at a loss.
The singer/songwriter bought the sprawling home in 2006 for $1.75 million (£1.16 million) but

he was unable to turn a profit on the property.
Mayer has sold the gated, two-storey home for slightly less than $1.3 million (£860,000), according to the Los Angeles Times.