The October housing statistics were released today (the national numbers are provided by the National Association of Realtors while the Texas numbers are from The Real Estate Center at Texas A&M University). Nationally, compared to October 2009, the number of homes sold was down 25.9%. It is hard to get a true picture, however, because this time last year there were first-time homebuyers closing on houses as the original tax credit deadline was in sight. So we are comparing against artifically inflated … [Read more...]