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Hey there, fellow property enthusiasts!

Welcome to Texas Property Round Up, your go-to source for the latest happenings and insights in the Lone Star State's real estate landscape.

With the recent havoc wreaked by destructive storms tearing through Houston and Northern Texas (our hearts go out to the families who suffered tragedies in the tornado), and looming threat of severe weather on the horizon, there's never been a more crucial time to stay informed and prepared.

Whether you're battening down the hatches, assessing damage, or planning to relocate to a safe area for the future, we're here to provide you with the insights and resources you need to weather the storms and emerge stronger than ever.

📰 Upcoming in this issue

• Destructive Storms Tear Through Houston 🌪️

• Inside Drake's Sprawling New $15M Texas Ranch House 🏡 

• Dallas Housing Market 2024: Surprising Trends Ahead 🏡

• Austin Pioneers Urban Density 🏙️

• Protect Your Property Before Severe Weather Hits 🌧️

• The Hidden Gem of North Texas – Granbury 💎

📈 Trending news

• Trends and Forecasts for the Texas Housing Market in 2024

• Austin Implements Major Reforms to Reduce Housing Costs

• Essential Information About Austin’s Hot Luck Festival

Destructive Storms Tear Through Houston 🌪️read the full 385-word article here

Article published: May 18, 2024

Hurricane-force winds wreaked havoc in Houston, demolishing buildings and hurling heavy bricks to the ground, creating an atmosphere of chaos and destruction.

People fled for cover as the ferocious storm left at least seven dead and over a million without power, underscoring the storm's deadly force and widespread impact.

Videos showed the sheer devastation, with cranes collapsing on cement trucks and windows shattering under the storm's pressure, vividly capturing the storm's relentless power.

In another part of the city, 90-100 mph winds uprooted trees and downed power lines, plunging Houston into darkness and leaving a trail of devastation in its wake.

"Everyone’s coming together — that’s what we do best in Houston," Houston Mayor John Whitmire said. "Let's get through this challenge."

Key Takeaways:

• 🌀 Crane Catastrophe: A man was killed when a crane fell on a cement truck during the storm.

• 🌳 Uprooted Trees: Winds of 90-100 mph toppled trees and smashed fences in northwest Houston.

• ⚡ Power Outages: Over 1 million residents lost power; some may wait weeks for restoration.

• 🌧️ Torrential Winds: Winds at Minute Maid Park blew water inside, yet the Astros game continued.

Inside Drake's Sprawling New $15M Texas Ranch House 🏡 read the full 703-word article here

Article published: May 22, 2024

Drake has done it again, expanding his already impressive real estate portfolio with a $15 million ranch in Texas.

This isn't just any property—it's The Inn at Dos Brisas, a 313-acre retreat nestled in Brenham, conveniently located between Austin and Houston.

The main house and additional haciendas and casitas offer an unparalleled luxury experience, featuring private plunge pools, cozy stone fireplaces, and kitchenettes.

The estate’s lush grounds are adorned with pecan trees, wildflowers, and a rose garden, providing a picturesque backdrop for a serene lifestyle.

Golf carts are readily available to explore the property, which also includes a trio of fishing ponds and Peach Creek.

Whether Drake will revive it as a resort or use it as his private sanctuary remains to be seen.

The ranch’s equestrian facilities, including an indoor arena, and an organic farm make it a unique addition to his collection.

Key Takeaways:

• 🏠 $15 million splurge: Drake's new property includes a Mediterranean-style main house and multiple guest accommodations.

• 🌆 Prime location: Situated in Brenham, Texas, it’s ideally located between Austin and Houston for easy access.

• 🐴 Equestrian dream: The estate boasts an indoor arena and ample space for horse riding.

• 🌿 Organic farm and more: An organic farm and a 7,000-bottle wine cellar are part of the extensive amenities.

Dallas Housing Market 2024: Surprising Trends Ahead 🏡 watch the full 19-min video here

Video published: May 21, 2024

The video "Dallas Housing Market Weekly Update 2024! | Collin County Texas" by Your Dallas Texas Realtor - Michael Castro offers an intriguing look into the current housing dynamics in Dallas and Collin County, showcasing mortgage rates on the rise, new listings slowing, and builders pulling back on permits.

This combination may lead to a potential increase in home prices due to high demand and low supply, with the backlog of homes being built possibly offering some cushion to the market, though limited in its impact.

Builders are strategically restricting sales, anticipating future rate drops to maximize profits, while the overall housing inventory needs to nearly double to stabilize the market, amidst mortgage rates now influenced by spreads, which are better than last year's highs but still volatile.

Lower rates could potentially spark higher demand and prices, especially with a new affordability calculator making it easier for buyers to plan, yet the housing market remains a strong seller's market despite these fluctuations, presenting challenges and opportunities for both buyers and sellers alike.

Key Takeaways:

• 📉 Mortgage rates up, fewer permits: Higher mortgage rates and fewer permits are leading to a housing shortage and price increases. (00:00)

• 🚧 Builders restricting sales: Builders limit home sales, waiting for rates to drop for higher profits, causing inventory issues. (03:16)

• 📊 Lower demand, potential price hikes: Demand in Collin County is down but could surge with lower rates, leading to higher prices. (11:33)

• 🏘️ Strong seller's market: Despite fluctuations, Dallas and Collin County remain strong seller's markets with upward trends. (14:30)

Austin Pioneers Urban Density 🏙️ read the full 251-word article here

Article published: May 20, 2024

"Austin forges ahead with YIMBY ratifications," published by The Real Deal, delves into the city's groundbreaking land development changes, showcasing how Austin is embracing the YIMBY movement with significant policy shifts.

It's intriguing to note that the Austin City Council approved amendments enabling denser housing and taller buildings, spurred by the HOME initiative, as highlighted in the article.

A fascinating aspect of these changes is the reduction of minimum lot sizes from 5,750 square feet to just 1,800 square feet, promoting more compact housing developments and densification.

The public testimony process, spanning over a dozen hours, underscores the community's vested interest in this development, highlighting the depth of engagement and debate surrounding these policy changes.

However, some council members and residents voiced concerns about potential displacement of current residents due to the lack of explicit affordability components in the regulations.

Key Takeaways:

• 🚀YIMBY Momentum: Austin's approval of denser housing laws marks a significant stride in the YIMBY movement.

• 📏Lot Size Reduction: Minimum lot sizes now just 1,800 sq ft, down from 5,750 sq ft, promoting compact housing.

• 🏡HOME Initiative Phase Two: Continues with streamlined approvals and no residential occupancy limits.

• 🗣️Public Engagement: Over a dozen hours of public testimony reflect strong community involvement.

Protect Your Property Before Severe Weather Hits 🌧️ read the full 349-word article here

Article published: May 15, 2024

I just read a crucial article titled "How to protect your property TODAY before more severe weather hits the Houston area tomorrow" by Click2Houston, emphasizing the urgency of safeguarding your home as severe weather approaches.

With severe weather looming, it's vital to take proactive steps to protect your home, as highlighted in the article.

The article shares practical tips for Houstonians preparing for the upcoming storm, offering insightful highlights to minimize potential damage.

Check your roof for loose shingles and leaks, trim overhanging tree limbs, ensure your plumbing system is well-maintained, and avoid covering AC units during floods, among other essential preparations outlined in the article.

Key Takeaways:

• 🏠Check your roof: Prevent leaks and major damage by fixing loose shingles today.

• 🌳Trim overhanging tree limbs: Avoid hazards from falling branches during the storm.

• 🚰Maintain plumbing systems: Prevent flooding and sewage backups with well-maintained plumbing.

• 🐾Prepare for pets: Ensure food, water, medications, and a current photo of pets in case they get lost.

The Hidden Gem of North Texas – Granbury

Nestled in the heart of North Texas, amidst the rolling hills and tower hardwoods, lies the captivating city of Granbury, a haven for those seeking a harmonious blend of natural beauty and outdoor adventure. Boasting a prime location near a network of pristine lakes and sprawling state parks, Granbury beckons residents with promises of idyllic landscapes, endless adventures, and a vibrant community spirit. Here's why living near Granbury, TX, is a dream for nature buffs and outdoor enthusiasts alike.

The Jewel of Lake Granbury

At the heart of Granbury's allure lies its close proximity to Lake Granbury, a shimmering reservoir formed by the majestic Brazos River. Spanning over 8,000 acres, this expansive waterbody serves as the epicenter of aquatic recreation in the region. Boating enthusiasts can set sail on its tranquil waters, while fishing aficionados can cast their lines in pursuit of prized bass, catfish, and crappie.

For those seeking leisurely pursuits, Lake Granbury offers serene opportunities for swimming, kayaking, and paddleboarding. Numerous waterfront parks and picnic areas dot its shoreline, providing ideal spots for family gatherings, sunset picnics, and lazy afternoons spent basking in the beauty of nature.

Exploring the Brazos River

Just a stone's throw away from Granbury lies the majestic Brazos River, a lifeline that meanders through the heart of Texas. Offering scenic beauty and abundant opportunities for water-based adventures, the Brazos River invites residents to embark on leisurely floats or thrilling expeditions amidst its tranquil waters.

Kayakers and canoeists can navigate its gentle currents, exploring hidden coves and lush riverbanks teeming with wildlife. Tubing enthusiasts can drift downstream, soaking in panoramic views of rolling hills and verdant landscapes. With its lush riverbanks and pristine stretches, the Brazos River is a sanctuary for wildlife and a beloved destination for outdoor adventurers seeking solace in nature's embrace.

Nearby Lakes: A Playground for Adventure

In addition to Lake Granbury, residents of Granbury enjoy easy access to a plethora of nearby lakes, each offering its own unique charm and recreational opportunities. Lake Weatherford, just a short drive from Granbury, boasts clear waters and scenic vistas, making it a popular destination for fishing, boating, and lakeside picnics in the tranquil coves.

For those craving a more rugged and remote experience, Possum Kingdom Lake awaits, nestled amidst the Palo Pinto Mountains. Known for its rugged cliffs, hidden coves, and crystal-clear waters, Possum Kingdom Lake offers a playground for adventure seekers and nature lovers alike. Whether it's cliff diving, water skiing, or simply soaking in the serenity of its surroundings, Possum Kingdom Lake promises an escape to untamed wilderness and unparalleled beauty.

Pristine State Parks: A Nature Lover's Paradise

Surrounding Granbury are several state parks that showcase the region's diverse landscapes and rich biodiversity. Dinosaur Valley State Park, located just a short drive from Granbury, transports visitors back in time with its preserved dinosaur tracks embedded in the riverbed. Hiking trails wind through ancient forests and rugged terrain, offering glimpses of prehistoric wonders and breathtaking vistas.

Brazos Bend State Park, another gem in the vicinity of Granbury, invites visitors to explore its lush forests, meandering trails, and abundant wildlife. Birdwatchers can spot a myriad of avian species, while nature enthusiasts can marvel at the park's diverse ecosystems and scenic beauty. Whether it's hiking, birdwatching, or simply immersing oneself in the serenity of nature, Brazos Bend State Park promises an enriching experience for all who visit.

Community Spirit and Cultural Vibrancy

Beyond its natural splendor, Granbury boasts a vibrant community spirit and a thriving cultural scene that enriches the lives of its residents. The city's historic downtown district exudes charm and character, with its quaint shops, art galleries, and local eateries beckoning visitors to explore its timeless appeal.

Throughout the year, Granbury hosts a variety of festivals, live music performances, and community events that celebrate the best of Texas culture. From the Harvest Moon Festival to the Granbury Wine Walk, these events foster a sense of camaraderie and connection among residents, creating cherished memories and lasting bonds.

The Heart of Texas Country Living

In essence, living near Granbury, TX, offers a lifestyle defined by the beauty of its surroundings, the abundance of recreational opportunities, and the warmth of its community. Whether you're drawn to the tranquil shores of Lake Granbury, the rugged wilderness of Possum Kingdom Lake, or the scenic beauty of the Brazos River, Granbury promises a life enriched by nature's bounty and the endless adventures that await. Embrace the serenity and adventure of life near Granbury and discover the heart of Texas country living.

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Why It Matters

As we've seen from recent events like the destructive storms tearing through Houston and the ongoing flood risks faced by Texans, safeguarding your property isn't just about protecting your investment—it's about protecting your home, your community, and your peace of mind.

So, whether you're battening down the hatches before a storm or navigating the complexities of urban density initiatives, remember: staying informed and proactive is key to thriving in the ever-changing landscape of Texas real estate.

Hannah Collinsworth
Editor-in-Chief
Houston, Texas
Texas Property Round Up

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