1,100-acre master-planned community is coming to Boerne

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Today's newsletter is 542 words — a 2.5-minute read.

1. Lennar plans to build 3,700 homes in Crandall, Dallas-Fort Worth

Lennar plans to construct 3,700 homes over the next seven to eight years on 900 acres in Crandall, one of the Dallas-Fort Worth area’s newest boomtowns.

Construction on the first phase has already begun, and sales, which started six months ago, feature homes ranging from the low $200,000 to the mid $300,000.

Each house will feature three to four bedrooms and two full bathrooms, with sizes ranging from over 1,200 to more than 2,300 sf. LINK

2. 1,100-acre master-planned community is coming to Boerne

Lookout Group has announced details for George's Ranch, a 1,100-acre master-planned community featuring 800 one-acre home lots with homes ranging from 3,000 to 5,000 sf, starting at $800,000.

The first phase will include 52 homesites, with 42 lots still available. These lots will be released to custom builders in the summer and individual buyers in the fall.

The development of George’s Ranch is projected to span 15 years, with an estimated cost of $100 million. Upon completion, the property is anticipated to have an estimated value of $950 million. LINK

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3. Catch up quick

📉 BlackRock, Citadel Securities-backed TXSE Group to launch Texas Stock Exchange. (TXSE)

🏠 Homebuying power plummets in Houston. (Axios)

🏳️‍🌈 NAR Pride Month Instagram post draws hundreds of anti-LGBTQ+ replies. (Instagram)

🏀 Celtics defeat Mavericks 105-98, take 2-0 lead in NBA Finals as series heads to Dallas. (Spectrum)

💸 Six of Texas’ 10 priciest listings were in the Dallas-Fort Worth area, according to the Houston Association of Realtors. (DallasNews)

4. Williamson County's real estate value gets second biggest bump ever, jumping by $9B

The real estate worth in Williamson County just had its second-largest boost ever, affecting property taxes.

In 2024, Williamson County's real estate value has surged by over $9 billion, with new homes accounting for one-third of this remarkable increase.

In total, the value of both new and existing real estate now stands at approximately $171 billion, marking a more than 5% increase from 2023. LINK

5. Generators become a sought-after amenity among affluent home buyers in Houston

Houston's vulnerability to disasters, like recent wind storms, has made heavy-duty home generators a top selling point in the luxury housing market.

The number of luxury homes sold with generators increased 600% from 2018 to 2023, according to the Houston Association of Realtors.

Overall, the number of homes sold with generators has tripled since 2018.

6. Two parties appeal final approval of RE/MAX, Keller Williams, and Anywhere settlement agreements

The process of finalizing settlement agreements between Anywhere, RE/MAX, and Keller Williams, alongside home seller plaintiffs in commission lawsuits, encounters fresh hurdles with the recent appeals lodged in the Eighth Circuit Court of Appeals.

James Mullis and Spring Way Center have filed appeals contesting the approval of the settlements, citing fairness concerns.

Payments to claimants and enforcement of agreed-upon business practice changes will remain pending until the appeals are resolved. LINK

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