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MRT 5/12/25 (free) (sponsored by Ground News): Housing Correction Hits TX // MX Livestock Imports Halted // Abbott Intensifies Bail Reform Push // Cornyn: DOJ Probing EPIC // Google Settles with TX for $1.4B
| From | Must Read Texas <[email protected]> |
| Subject | MRT 5/12/25 (free) (sponsored by Ground News): Housing Correction Hits TX // MX Livestock Imports Halted // Abbott Intensifies Bail Reform Push // Cornyn: DOJ Probing EPIC // Google Settles with TX for $1.4B |
| Date | May 12, 2025 6:53 PM |
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[MustReadTexas.com]([link removed]) – [@MustReadTexas]([link removed])
BY: [@MattMackowiak]([link removed])
**[Subscribe to the daily email here]([link removed])****.**
———————————————————————————
**MONDAY **|** **5/12/2025
———————————————————————————
**Good Monday afternoon.**
_Thank you for reading as a FREE subscriber._
P.S. Sorry about Friday.
» Become a PAID subscriber for $7/mo or $70/yr [here]([link removed]) and you will SAVE TIME and be BETTER INFORMED.
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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)_
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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]([link removed]), on Thursday.
He warned that Texas is now the fourth most [oversupplied housing market]([link removed]) in the United States.
» [BECOME A PAID SUBSCRIBER: $7/mo]([link removed])
_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.
» [BECOME A PAID SUBSCRIBER: $70/yr]([link removed])
Additionally, [Texas led the nation in homebuilding]([link removed]), issuing 15 percent of the country's new-home permits in 2024. But as population growth slowed and high mortgage rates locked out potential buyers, the increased supply outpaced demand, resulting in downward pressure on prices in major metropolitan areas such as Dallas, Houston and San Antonio.
Gerli argued the housing inventory increase is primarily fueled by three factors: a wave of resale of newly constructed homes, a decline in migration into the state and a growing number of locals being priced out of the market.
"Values are down -0.7 percent over the last year, and have dropped -1.6 percent from the middle of 2022," Gerli wrote on X, adding in a separate post. "Buyer demand keeps dropping, and listings keep rising."" [Newsweek]([link removed])
———————————————————————————
**FREE SUBSCRIPTIONS HAVE ENDED**_: As of July 11, 2022, we have moved to a paywall for free subscribers. Free subscribers will only receive the top story in their morning email. Free subscribers will need to become paid subscribers to receive full story summaries._
———————————————————————————
* **TOP NEWS**
"**Resurgence of New World screwworm leads U.S. to halt livestock imports from Mexico at border**” [Houston Chronicle]([link removed]) ($)
———————————————————————————
* **#TXLEGE**
"**Greg Abbott calls out Texas House Democrats in push for bail crackdown**” [Houston Chronicle]([link removed]) ($)
"**Texas bills could shut down existing wind, solar farms: 'I cannot recall legislation as damaging**'” [Houston Chronicle]([link removed]) ($)
———————————————————————————
* **STATE GOVERNMENT**
"**Google to Pay Texas $1.4 Billion to End Privacy Cases**” [Bloomberg Law]([link removed])
———————————————————————————
* **TEXANS IN DC**
**“John Cornyn says tax and spending bill must reimburse Texas $11 billion for border security**” [Texas Tribune]([link removed])
**“Sen. Cornyn of Texas says federal probe started into Muslim-entered community near Dallas**” [AP]([link removed])
———————————————————————————
* **2025**
**“How mayoral candidates Gina Ortiz Jones, Rolando Pablos can win the runoff**” [SAEN]([link removed]) ($)
———————————————————————————
* **2026**
**“Texas Democrats cancel planned vote to condemn Rep. Henry Cuellar**” [Texas Tribune]([link removed])
**“State Rep. Dennis Paul announces bid for Texas Senate with backing from Dan Patrick**” [Texas Tribune]([link removed])
———————————————————————————
* **BUSINESS NEWS**
**“Elon Musk's SpaceX, others, would save millions under new Texas tax break**” [SAEN]([link removed]) ($)
**“Nvidia-backed AI computing firm has plans for $700M Plano data center**” [DMN]([link removed]) ($)
———————————————————————————
* **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]([link removed])_
> SA REPORT: "**Voter guide: Everything to know about San Antonio’s 2025 election**" _[SA REPORT]([link removed])_
> SA REPORT: "**San Antonio City Council candidates to face off in series of runoff debates**" _[SA REPORT]([link removed])_
> EP TIMES: "**Escobar, House Democrats lead progressive push to counter Trump’s conservative agenda**" _[EP TIMES]([link removed])_
> HOU CHRON: "**Galveston becomes a massive buyer’s market amid Airbnb sell-off**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**Here's how many millionaires live in Houston, Dallas and Austin in 2025**" _[HOU CHRON]([link removed])_
> FWST: "**Driver of stolen car killed in crash during police chase in Midlothian, cops say**" _[FWST]([link removed])_
> FWST: "**Amber Alerts issued for missing 15-year-old girl and infant last seen Friday**" _[FWST]([link removed])_
> AAS: "**Should election judges be allowed to carry guns at voting sites? Texas House says yes.**" _[AAS]([link removed])_
> KXAN: "**Attempt to decriminalize fentanyl testing strips in Texas could stall in the Senate for a third time**" _[KXAN]([link removed])_
> COMMUNITY IMPACT: "**Kyle approves first Water Master Plan to address growth and supply**" _[COMMUNITY IMPACT]([link removed])_
> THE TEXAN: "**Weekly Roundup: School Choice Signed, Property Tax Deal, 'Medically Necessary' Abortions**" _[THE TEXAN]([link removed])_
> EP TIMES: "**Lawmakers want to expand Texas’ teacher pay raise program. Many educators will be left out.**" _[EP TIMES]([link removed])_
> THE TEXAN: "**Age Verification, Parental Consent Requirement for App Downloads Passes Texas House**" _[THE TEXAN]([link removed])_
> COMMUNITY IMPACT: "**Hays County calls for pause on property tax exemption decisions**" _[COMMUNITY IMPACT]([link removed])_
> THE TEXAN: "**Critical Texas House Committee Hears Controversial Tort Reform Bill**" _[THE TEXAN]([link removed])_
> THE TEXAN: "**Texas Legislature Approves Bill Requiring Judges to Notify Attorney General Before Issuing Election Orders**" _[THE TEXAN]([link removed])_
> COMMUNITY IMPACT: "**Texas lawmakers look to strengthen power grid amid data center growth**" _[COMMUNITY IMPACT]([link removed])_
> EP TIMES: "**Texas election judges could carry guns if bill OK’d by House becomes law**" _[EP TIMES]([link removed])_
> SA REPORT: "**San Antonio’s next mayor, council inherit a city budget facing cuts**" _[SA REPORT]([link removed])_
> KXAN: "**With federal cuts, Austin could be ‘underprepared’ for significant measles outbreak**" _[KXAN]([link removed])_
> COMMUNITY IMPACT: "**Austin looks to smaller I-35 cap plan ahead of May funding decision**" _[COMMUNITY IMPACT]([link removed])_
> AAS: "**University of Texas System invests $100M in UT civics school: 'A crowning achievement'**" _[AAS]([link removed])_
> AAS: "**University of Texas announce $100 million for the School of Civic Leadership, see photos**" _[AAS]([link removed])_
> THE TEXAN: "**Dennis Paul Announces Run for Galveston-Area Senate District With Lt. Gov. Patrick’s Support**" _[THE TEXAN]([link removed])_
> THE TEXAN: "**Gov. Abbott, Republicans Rally with Crime Victims in Austin for Bail Reforms**" _[THE TEXAN]([link removed])_
> HOU CHRON: "**New developments to bring thousands of new homes to Montgomery County. Here's what to know.**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**What killed the dinosaurs? We canoed the Brazos River to find an important clue. | Opinion**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**Texas Renaissance Festival must be sold, district judge rules**" _[HOU CHRON]([link removed])_
> FWST: "**$91M Ponzi scheme run by Dallas-Fort Worth residents scammed investors, SEC says**" _[FWST]([link removed])_
> DMN: "**Study: Dallas, Fort Worth top list of US cities where land is sinking fast**" _[DMN]([link removed])_
> AAS: "**Former Texas megachurch pastor Robert Morris to make court appearance May 9**" _[AAS]([link removed])_
> AAS: "**Former UT professor gets 12 years for possession of child pornography**" _[AAS]([link removed])_
> DMN: "**Target won’t be left behind as retail battle escalates in North Texas**" _[DMN]([link removed])_
> FWST: "**4 Plano restaurants closed: Moldy food, 30 live roaches found in inspections**" _[FWST]([link removed])_
———————————————————————————
* **EXTRA POINTS**
Recent Texas sports scores:
Thurs
> MLB: Boston 5, **Texas** 0
Fri
> MLB: Detroit 2, **Texas** 1
> MLB: **Houston **3, Cincinnati 0
> NHL: Winnipeg 4, **Dallas** 0
Sat
> MLB: **Texas** 10, Detroit 3
> MLB: Cincinnati 13, **Houston **9
> MLS: **Dallas** 1, Salt Lake City 1
> MLS: Seattle 3, **Houston** 1
> MLS: Cincinnati 2, **Austin** 1
Sun
> MLB: **Texas** 6, Detroit 1
> MLB: **Houston **6, Cincinnati 0
> NHL: **Dallas** 5, Winnipeg 2
Tonight's Texas sports schedule:
> 7:05pm: MLB: Colorado at **Texas**
> 7:10pm: MLB: Kansas City at **Houston**
Tomorrow's Texas sports schedule:
> 7pm: NHL: Winnipeg at** Dallas** (1-2) (ESPN)
> 7:05pm: MLB: Colorado at **Texas**
> 7:10pm: MLB: Kansas City at **Houston**
**DALLAS COWBOYS**: "Dallas Cowboys to open 2025 season against defending champion Philadelphia Eagles" [DMN]([link removed]) ($)
**DALLAS STARS**: "It was Mikko’s Day again in Dallas. Is the Stars’ superstar just getting started?" [DMN]([link removed]) ($)
**HOUSTON ASTROS**: "Houston Astros pitcher Lance McCullers Jr. and family receive death threats on social media" [Houston Chronicle]([link removed]) ($)
**TEXAS SOFTBALL**: "A&M softball team grabs top seed for NCAA tournament [Bryan Eagle]([link removed])
**TEXAS BASEBALL**: "Texas vs Florida baseball: Longhorns' SEC title hopes stall after 'disappointing' loss" [AAS]([link removed]) ($)
**TEXAS A&M BASEBALL**: "5 thoughts on Texas A&M baseball team being swept by Missouri" [Bryan Eagle]([link removed])
———
You are reading a plain text version of this post. For the best experience, copy and paste this link in your browser to view the post online:
[link removed]
Caption:
[MustReadTexas.com]([link removed]) – [@MustReadTexas]([link removed])
BY: [@MattMackowiak]([link removed])
**[Subscribe to the daily email here]([link removed])****.**
———————————————————————————
**MONDAY **|** **5/12/2025
———————————————————————————
**Good Monday afternoon.**
_Thank you for reading as a FREE subscriber._
P.S. Sorry about Friday.
» Become a PAID subscriber for $7/mo or $70/yr [here]([link removed]) and you will SAVE TIME and be BETTER INFORMED.
———————————————————————————
_“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**
Are you one of the 100,000+ subscribers to [ATX Pulse]([link removed]), a newsletter that delivers EVERYTHING you NEED TO KNOW about Austin?
View image: ([link removed])
Caption:
_Subscriptions are $5/mo, $50/yr or $199/lifetime here:_ [ATXpulsepremium.com]([link removed]).
> Read the most recent FREE subscriber email **[here]([link removed])**.
> Become a PAID subscriber for $5/mo or $50/yr [here]([link removed]).
———————————————————————————
PRESENTING SPONSOR: **Ground News**
### See every side of every story
View image: ([link removed])
Follow image link: ([link removed])
Caption:
"I subscribed because I don't trust any single news source. [Ground News]([link removed]) saves me time by comparing multiple sources across the spectrum, helping me figure out what's really going on."
Join thousands of subscribers from across the political spectrum who trust Ground News to keep them informed, not outraged.
[Start your free trial today]([link removed])
———————————————————————————
* **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]([link removed]), on Thursday.
He warned that Texas is now the fourth most [oversupplied housing market]([link removed]) in the United States.
» [BECOME A PAID SUBSCRIBER: $7/mo]([link removed])
_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.
» [BECOME A PAID SUBSCRIBER: $70/yr]([link removed])
Additionally, [Texas led the nation in homebuilding]([link removed]), issuing 15 percent of the country's new-home permits in 2024. But as population growth slowed and high mortgage rates locked out potential buyers, the increased supply outpaced demand, resulting in downward pressure on prices in major metropolitan areas such as Dallas, Houston and San Antonio.
Gerli argued the housing inventory increase is primarily fueled by three factors: a wave of resale of newly constructed homes, a decline in migration into the state and a growing number of locals being priced out of the market.
"Values are down -0.7 percent over the last year, and have dropped -1.6 percent from the middle of 2022," Gerli wrote on X, adding in a separate post. "Buyer demand keeps dropping, and listings keep rising."" [Newsweek]([link removed])
———————————————————————————
**FREE SUBSCRIPTIONS HAVE ENDED**_: As of July 11, 2022, we have moved to a paywall for free subscribers. Free subscribers will only receive the top story in their morning email. Free subscribers will need to become paid subscribers to receive full story summaries._
———————————————————————————
* **TOP NEWS**
"**Resurgence of New World screwworm leads U.S. to halt livestock imports from Mexico at border**” [Houston Chronicle]([link removed]) ($)
———————————————————————————
* **#TXLEGE**
"**Greg Abbott calls out Texas House Democrats in push for bail crackdown**” [Houston Chronicle]([link removed]) ($)
"**Texas bills could shut down existing wind, solar farms: 'I cannot recall legislation as damaging**'” [Houston Chronicle]([link removed]) ($)
———————————————————————————
* **STATE GOVERNMENT**
"**Google to Pay Texas $1.4 Billion to End Privacy Cases**” [Bloomberg Law]([link removed])
———————————————————————————
* **TEXANS IN DC**
**“John Cornyn says tax and spending bill must reimburse Texas $11 billion for border security**” [Texas Tribune]([link removed])
**“Sen. Cornyn of Texas says federal probe started into Muslim-entered community near Dallas**” [AP]([link removed])
———————————————————————————
* **2025**
**“How mayoral candidates Gina Ortiz Jones, Rolando Pablos can win the runoff**” [SAEN]([link removed]) ($)
———————————————————————————
* **2026**
**“Texas Democrats cancel planned vote to condemn Rep. Henry Cuellar**” [Texas Tribune]([link removed])
**“State Rep. Dennis Paul announces bid for Texas Senate with backing from Dan Patrick**” [Texas Tribune]([link removed])
———————————————————————————
* **BUSINESS NEWS**
**“Elon Musk's SpaceX, others, would save millions under new Texas tax break**” [SAEN]([link removed]) ($)
**“Nvidia-backed AI computing firm has plans for $700M Plano data center**” [DMN]([link removed]) ($)
———————————————————————————
* **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]([link removed])_
> SA REPORT: "**Voter guide: Everything to know about San Antonio’s 2025 election**" _[SA REPORT]([link removed])_
> SA REPORT: "**San Antonio City Council candidates to face off in series of runoff debates**" _[SA REPORT]([link removed])_
> EP TIMES: "**Escobar, House Democrats lead progressive push to counter Trump’s conservative agenda**" _[EP TIMES]([link removed])_
> HOU CHRON: "**Galveston becomes a massive buyer’s market amid Airbnb sell-off**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**Here's how many millionaires live in Houston, Dallas and Austin in 2025**" _[HOU CHRON]([link removed])_
> FWST: "**Driver of stolen car killed in crash during police chase in Midlothian, cops say**" _[FWST]([link removed])_
> FWST: "**Amber Alerts issued for missing 15-year-old girl and infant last seen Friday**" _[FWST]([link removed])_
> AAS: "**Should election judges be allowed to carry guns at voting sites? Texas House says yes.**" _[AAS]([link removed])_
> KXAN: "**Attempt to decriminalize fentanyl testing strips in Texas could stall in the Senate for a third time**" _[KXAN]([link removed])_
> COMMUNITY IMPACT: "**Kyle approves first Water Master Plan to address growth and supply**" _[COMMUNITY IMPACT]([link removed])_
> THE TEXAN: "**Weekly Roundup: School Choice Signed, Property Tax Deal, 'Medically Necessary' Abortions**" _[THE TEXAN]([link removed])_
> EP TIMES: "**Lawmakers want to expand Texas’ teacher pay raise program. Many educators will be left out.**" _[EP TIMES]([link removed])_
> THE TEXAN: "**Age Verification, Parental Consent Requirement for App Downloads Passes Texas House**" _[THE TEXAN]([link removed])_
> COMMUNITY IMPACT: "**Hays County calls for pause on property tax exemption decisions**" _[COMMUNITY IMPACT]([link removed])_
> THE TEXAN: "**Critical Texas House Committee Hears Controversial Tort Reform Bill**" _[THE TEXAN]([link removed])_
> THE TEXAN: "**Texas Legislature Approves Bill Requiring Judges to Notify Attorney General Before Issuing Election Orders**" _[THE TEXAN]([link removed])_
> COMMUNITY IMPACT: "**Texas lawmakers look to strengthen power grid amid data center growth**" _[COMMUNITY IMPACT]([link removed])_
> EP TIMES: "**Texas election judges could carry guns if bill OK’d by House becomes law**" _[EP TIMES]([link removed])_
> SA REPORT: "**San Antonio’s next mayor, council inherit a city budget facing cuts**" _[SA REPORT]([link removed])_
> KXAN: "**With federal cuts, Austin could be ‘underprepared’ for significant measles outbreak**" _[KXAN]([link removed])_
> COMMUNITY IMPACT: "**Austin looks to smaller I-35 cap plan ahead of May funding decision**" _[COMMUNITY IMPACT]([link removed])_
> AAS: "**University of Texas System invests $100M in UT civics school: 'A crowning achievement'**" _[AAS]([link removed])_
> AAS: "**University of Texas announce $100 million for the School of Civic Leadership, see photos**" _[AAS]([link removed])_
> THE TEXAN: "**Dennis Paul Announces Run for Galveston-Area Senate District With Lt. Gov. Patrick’s Support**" _[THE TEXAN]([link removed])_
> THE TEXAN: "**Gov. Abbott, Republicans Rally with Crime Victims in Austin for Bail Reforms**" _[THE TEXAN]([link removed])_
> HOU CHRON: "**New developments to bring thousands of new homes to Montgomery County. Here's what to know.**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**What killed the dinosaurs? We canoed the Brazos River to find an important clue. | Opinion**" _[HOU CHRON]([link removed])_
> HOU CHRON: "**Texas Renaissance Festival must be sold, district judge rules**" _[HOU CHRON]([link removed])_
> FWST: "**$91M Ponzi scheme run by Dallas-Fort Worth residents scammed investors, SEC says**" _[FWST]([link removed])_
> DMN: "**Study: Dallas, Fort Worth top list of US cities where land is sinking fast**" _[DMN]([link removed])_
> AAS: "**Former Texas megachurch pastor Robert Morris to make court appearance May 9**" _[AAS]([link removed])_
> AAS: "**Former UT professor gets 12 years for possession of child pornography**" _[AAS]([link removed])_
> DMN: "**Target won’t be left behind as retail battle escalates in North Texas**" _[DMN]([link removed])_
> FWST: "**4 Plano restaurants closed: Moldy food, 30 live roaches found in inspections**" _[FWST]([link removed])_
———————————————————————————
* **EXTRA POINTS**
Recent Texas sports scores:
Thurs
> MLB: Boston 5, **Texas** 0
Fri
> MLB: Detroit 2, **Texas** 1
> MLB: **Houston **3, Cincinnati 0
> NHL: Winnipeg 4, **Dallas** 0
Sat
> MLB: **Texas** 10, Detroit 3
> MLB: Cincinnati 13, **Houston **9
> MLS: **Dallas** 1, Salt Lake City 1
> MLS: Seattle 3, **Houston** 1
> MLS: Cincinnati 2, **Austin** 1
Sun
> MLB: **Texas** 6, Detroit 1
> MLB: **Houston **6, Cincinnati 0
> NHL: **Dallas** 5, Winnipeg 2
Tonight's Texas sports schedule:
> 7:05pm: MLB: Colorado at **Texas**
> 7:10pm: MLB: Kansas City at **Houston**
Tomorrow's Texas sports schedule:
> 7pm: NHL: Winnipeg at** Dallas** (1-2) (ESPN)
> 7:05pm: MLB: Colorado at **Texas**
> 7:10pm: MLB: Kansas City at **Houston**
**DALLAS COWBOYS**: "Dallas Cowboys to open 2025 season against defending champion Philadelphia Eagles" [DMN]([link removed]) ($)
**DALLAS STARS**: "It was Mikko’s Day again in Dallas. Is the Stars’ superstar just getting started?" [DMN]([link removed]) ($)
**HOUSTON ASTROS**: "Houston Astros pitcher Lance McCullers Jr. and family receive death threats on social media" [Houston Chronicle]([link removed]) ($)
**TEXAS SOFTBALL**: "A&M softball team grabs top seed for NCAA tournament [Bryan Eagle]([link removed])
**TEXAS BASEBALL**: "Texas vs Florida baseball: Longhorns' SEC title hopes stall after 'disappointing' loss" [AAS]([link removed]) ($)
**TEXAS A&M BASEBALL**: "5 thoughts on Texas A&M baseball team being swept by Missouri" [Bryan Eagle]([link removed])
———
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