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MRT (free): Housing Correction Hits TX // MX Livestock Imports Halted // Abbott Intensifies Bail Reform Push // Cornyn: DOJ Probing EPIC // Google Settles with TX for $1.4B
Here's What You Need to Know in Texas Today.
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MustReadTexas.com – @MustReadTexas
BY: @MattMackowiak
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MONDAY || 5/11/2025
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“If something of importance is known in Texas, Matt knows it. With a decline in the number of credible news organizations, the Must Read Texas morning email is indispensable for anyone that wants to continue to be informed.” – Former U.S. Senator Phil Gramm (R-TX)
AUSTIN NEWSLETTER LAUNCHED
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TOP NEWS
"Texas Faces Major Housing Market Correction as Prices Drop Across State,” Newsweek's James Bickerton -- "The Texas housing market is undergoing a substantial correction, driven by a combination of oversupply, declining demand and persistent affordability issues.
"We need to talk about Texas. Listings just hit 123,000 in April 2025. 53 percent higher than normal. And prices are now dropping across the state," Nick Gerti, a real estate analyst and the CEO of Reventure App, wrote on X, formerly Twitter, on Thursday.
He warned that Texas is now the fourth most oversupplied housing market in the United States.
Newsweek contacted the Texas Economic Development & Tourism Office for comment on Friday via email outside of regular office hours.
Texas experienced a significant migration boom during the pandemic, attracting new residents with the promise of affordability, space and lower taxes. In 2022, net domestic migration brought 222,100 new residents to the state. However, by 2024, that number fell to 85,200, a 62 percent decline, according to Gerli.
Additionally, Texas led the nation in homebuilding, issuing 15 percent of the country's new-home permits in 2024. But as population growth slowed and high mortgage rates locked out potential buyers, the increased supply outpaced demand, resulting in downward pressure on prices in major metropolitan areas such as Dallas, Houston and San Antonio.
Gerli argued the housing inventory increase is primarily fueled by three factors: a wave of resale of newly constructed homes, a decline in migration into the state and a growing number of locals being priced out of the market.
"Values are down -0.7 percent over the last year, and have dropped -1.6 percent from the middle of 2022," Gerli wrote on X, adding in a separate post. "Buyer demand keeps dropping, and listings keep rising."" Newsweek
TOP NEWS
"Resurgence of New World screwworm leads U.S. to halt livestock imports from Mexico at border” Houston Chronicle ($)
#TXLEGE
"Greg Abbott calls out Texas House Democrats in push for bail crackdown” Houston Chronicle ($)
"Texas bills could shut down existing wind, solar farms: 'I cannot recall legislation as damaging'” Houston Chronicle ($)
STATE GOVERNMENT
"Google to Pay Texas $1.4 Billion to End Privacy Cases” Bloomberg Law
TEXANS IN DC
“John Cornyn says tax and spending bill must reimburse Texas $11 billion for border security” Texas Tribune
“Sen. Cornyn of Texas says federal probe started into Muslim-entered community near Dallas” AP
2025
“How mayoral candidates Gina Ortiz Jones, Rolando Pablos can win the runoff” SAEN ($)
2026
“Texas Democrats cancel planned vote to condemn Rep. Henry Cuellar” Texas Tribune
“State Rep. Dennis Paul announces bid for Texas Senate with backing from Dan Patrick” Texas Tribune
BUSINESS NEWS
“Elon Musk's SpaceX, others, would save millions under new Texas tax break” SAEN ($)
“Nvidia-backed AI computing firm has plans for $700M Plano data center” DMN ($)
NEWS FROM AROUND THE STATE
> WACO TRIB: "Texas House passes bill that would prohibit land sales to people and entities from certain countries" WACO TRIB
> SA REPORT: "Voter guide: Everything to know about San Antonio’s 2025 election" SA REPORT
> SA REPORT: "San Antonio City Council candidates to face off in series of runoff debates" SA REPORT
> EP TIMES: "Escobar, House Democrats lead progressive push to counter Trump’s conservative agenda" EP TIMES
> HOU CHRON: "Galveston becomes a massive buyer’s market amid Airbnb sell-off" HOU CHRON
> HOU CHRON: "Here's how many millionaires live in Houston, Dallas and Austin in 2025" HOU CHRON
> FWST: "Driver of stolen car killed in crash during police chase in Midlothian, cops say" FWST
> FWST: "Amber Alerts issued for missing 15-year-old girl and infant last seen Friday" FWST
> AAS: "Should election judges be allowed to carry guns at voting sites? Texas House says yes." AAS
> KXAN: "Attempt to decriminalize fentanyl testing strips in Texas could stall in the Senate for a third time" KXAN
> COMMUNITY IMPACT: "Kyle approves first Water Master Plan to address growth and supply" COMMUNITY IMPACT
> THE TEXAN: "Weekly Roundup: School Choice Signed, Property Tax Deal, 'Medically Necessary' Abortions" THE TEXAN
> EP TIMES: "Lawmakers want to expand Texas’ teacher pay raise program. Many educators will be left out." EP TIMES
> THE TEXAN: "Age Verification, Parental Consent Requirement for App Downloads Passes Texas House" THE TEXAN
> COMMUNITY IMPACT: "Hays County calls for pause on property tax exemption decisions" COMMUNITY IMPACT
> THE TEXAN: "Critical Texas House Committee Hears Controversial Tort Reform Bill" THE TEXAN
> THE TEXAN: "Texas Legislature Approves Bill Requiring Judges to Notify Attorney General Before Issuing Election Orders" THE TEXAN
> COMMUNITY IMPACT: "Texas lawmakers look to strengthen power grid amid data center growth" COMMUNITY IMPACT
> EP TIMES: "Texas election judges could carry guns if bill OK’d by House becomes law" EP TIMES
> SA REPORT: "San Antonio’s next mayor, council inherit a city budget facing cuts" SA REPORT
> KXAN: "With federal cuts, Austin could be ‘underprepared’ for significant measles outbreak" KXAN
> COMMUNITY IMPACT: "Austin looks to smaller I-35 cap plan ahead of May funding decision" COMMUNITY IMPACT
> AAS: "University of Texas System invests $100M in UT civics school: 'A crowning achievement'" AAS
> AAS: "University of Texas announce $100 million for the School of Civic Leadership, see photos" AAS
> THE TEXAN: "Dennis Paul Announces Run for Galveston-Area Senate District With Lt. Gov. Patrick’s Support" THE TEXAN
> THE TEXAN: "Gov. Abbott, Republicans Rally with Crime Victims in Austin for Bail Reforms" THE TEXAN
> HOU CHRON: "New developments to bring thousands of new homes to Montgomery County. Here's what to know." HOU CHRON
> HOU CHRON: "What killed the dinosaurs? We canoed the Brazos River to find an important clue. | Opinion" HOU CHRON
> HOU CHRON: "Texas Renaissance Festival must be sold, district judge rules" HOU CHRON
> FWST: "$91M Ponzi scheme run by Dallas-Fort Worth residents scammed investors, SEC says" FWST
> DMN: "Study: Dallas, Fort Worth top list of US cities where land is sinking fast" DMN
> AAS: "Former Texas megachurch pastor Robert Morris to make court appearance May 9" AAS
> AAS: "Former UT professor gets 12 years for possession of child pornography" AAS
> DMN: "Target won’t be left behind as retail battle escalates in North Texas" DMN
> FWST: "4 Plano restaurants closed: Moldy food, 30 live roaches found in inspections" FWST
EXTRA POINTS
Recent Texas sports scores:
Thurs
> MLB: Boston 5, Texas 0
Fri
> MLB: Detroit 2, Texas 1
> MLB: Houston 3, Cincinnati 0
> NHL: Winnipeg 4, Dallas 0
Sat
> MLB: Texas 10, Detroit 3
> MLB: Cincinnati 13, Houston 9
> MLS: Dallas 1, Salt Lake City 1
> MLS: Seattle 3, Houston 1
> MLS: Cincinnati 2, Austin 1
Sun
> MLB: Texas 6, Detroit 1
> MLB: Houston 6, Cincinnati 0
> NHL: Dallas 5, Winnipeg 2
Tonight's Texas sports schedule:
> 7:05pm: MLB: Colorado at Texas
> 7:10pm: MLB: Kansas City at Houston
Tomorrow's Texas sports schedule:
> 7pm: NHL: Winnipeg at Dallas (1-2) (ESPN)
> 7:05pm: MLB: Colorado at Texas
> 7:10pm: MLB: Kansas City at Houston
DALLAS COWBOYS: "Dallas Cowboys to open 2025 season against defending champion Philadelphia Eagles" DMN ($)
DALLAS STARS: "It was Mikko’s Day again in Dallas. Is the Stars’ superstar just getting started?" DMN ($)
HOUSTON ASTROS: "Houston Astros pitcher Lance McCullers Jr. and family receive death threats on social media" Houston Chronicle ($)
TEXAS SOFTBALL: "A&M softball team grabs top seed for NCAA tournament Bryan Eagle
TEXAS BASEBALL: "Texas vs Florida baseball: Longhorns' SEC title hopes stall after 'disappointing' loss" AAS ($)
TEXAS A&M BASEBALL: "5 thoughts on Texas A&M baseball team being swept by Missouri" Bryan Eagle
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