Beyonce and Jay Z put California move on hold - report

Beyonce and Jay Z have reportedly postponed plans to move to California after they lost a bidding war on their dream home.

The couple currently lives in New York, but were spotted viewing properties on the West Coast in September (14), sparking speculation of a cross-country move.

According to TMZ.com, they put in an offer on a mansion in Beverly Hills, California for just under $70 million, but lost out to Swedish video game programmer Markus Persson, who sealed the deal by paying the full asking price.

Sources tells the website the couple has now put the move on hold after losing out on their dream home.