I post this one with all appropriate snark and commentary.

Maybe in NYC Barbara can still move $10 million dollar penthouses with ease, but in the rest of the country, there’s a very good reason your house isn’t selling.

Hey Barbara, how about reason number 9: Your house is unsellable cause no one out there is buyin right now!

8 reasons why your house is unsellable (MSNBC.com)

Standard & Poor’s/Case-Shiller home price index dropped 6.7 percent in October, the largest monthly drop recorded since 1991.

“No matter how you look at these data, it is obvious that the current state of the single-family housing market remains grim,” said Robert Shiller, who helped create the index, in a statement.

• Atlanta -0.7%
• Boston -3.6%
• Charlotte +4.3%
• Chicago -3.2%
• Cleveland -4.5%
• Dallas -0.1%
• Denver -1.8%
• Detroit -11.2%
• Las Vegas -10.7%
• Los Angeles -8.8%
• Miami -12.4%
• Minneapolis -5.5%
• New York -4.1%
• Phoenix -10.6%
• Portland +1.9%
• San Diego -11.1%
• San Francisco -6.2%
• Seattle +3.3%
• Tampa -11.8%
• Washington -7.0%

Source: Standard & Poor’s
Data through October 2007

October Home Prices Post Record Decline (AP)

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