A report from the Houston Association of Realtors reveals that home sales are up 1.2% year-over-year despite the uncertainty of the presidential election and the energy industry slump. Houston Chronicle staffer Nancy Sarnoff reports on the Houston housing market which is still dealing with the difficulties from a decline in demand due to the end of the rapid job growth in the metro.

Surprisingly conditions in the state still favor the seller with single-family home inventory increasing to a 3.8 month-supply in October:

The supply of homes for sale locally has remained relatively low despite some expectations that there would be a glut of inventory from owners trying to sell because they lost their jobs...That's happened here or there, Morris said, but "I think we were all expecting a pop of inventory all of a sudden, and we haven't seen it at all."

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