TEXAS HOME SALES DOWN 2.1% in OCTOBER, but …………..

the median price was up 7.2%.  The median price was $194,000 compared to $181,000 a year ago.  The month’s inventory was at 3.5 months and 6.5 months is a balanced market according to the Texas A&M Real Estate Center economists.  Also business economist Laila Assanie with the Federal Reserve Bank of Dallas said the U.S. as a whole took 75 months to recover lost jobs, but Texas recovered those job in 39 months.  Low oil prices are keeping the economy from taking off and job growth in Texas was ranked #1 and now is #28.