September 27, 2022
Happy Tuesday! Rejection is often a blessing in disguise.
☀️ Today's weather: "Cold front" brings highs in the upper 80s.
🎵 Sounds like: "High Hopes"
💨 Situational awareness: Texas Attorney General Ken Paxton fled his home in a truck driven by his wife, state Sen. Angela Paxton, to avoid being served a subpoena, according to an affidavit filed in federal court.
Today's newsletter is 954 ambitious words — a 3.5-minute read.
1 big thing: State CFO has sights on higher office
Texas' chief financial officer appears to be angling for higher office.
The big picture: Texas Comptroller Glenn Hegar is known as a low-temperature, middle-of-the-road, straight shooter, so some of his recent, pointed pronouncements have raised questions about whether he's trying to build his political profile ahead of a run for higher office.
Between the lines: This month, interspersed amid ho-hum announcements about academic scholarships for third-graders and record returns of unclaimed property, his office sent out a press release headlined "Glenn Hegar Stands Up to EPA Bureaucrats in Defense of Texas Economy."
Zoom out: In recent weeks, Hegar has been on offense, warring with Harris County officials over police funding and threatening to freeze out financial firms he says are anti-oil and -gas.
- Last month, Hegar, who authored abortion restrictions as a state senator, proclaimed support for exempting feminine hygiene products from state sales tax — as Republicans nationwide have been trying to figure out how to hold on to women voters in the wake of the Supreme Court's overturning of Roe v. Wade.
- Plus: He continues to make appearances like one in the Panhandle last week for his "Good for Texas Tour: Water Edition," which doubles as a way for him to introduce himself to voters in far-flung parts of the state.
What they're saying: Hegar, who is up for re-election this fall as comptroller, has said he won't run for the office again — but hasn't ruled out a run for lieutenant governor or governor.
2. 🏘️ The housing market has officially shifted
Homes in North Texas are spending longer on the market and more than a third of homes for sale in the area have had a price cut, according to a new report from Zillow.
- Typical home prices fell in August — the second straight month — and are now down 2.5% ($9,860) from a peak in June.
Why it matters: While a decrease in overall home value means a drop in the total net worth of homeowners, the market dip also presents an opportunity for potential buyers who couldn't compete in the insanely hot market the area has seen over the last two years.
What's happening: Real estate agents attribute the slide to a combination of price climbs since the start of the pandemic and a recent increase in interest rates, which had been at record lows until this year.
- The rate on a 30-year fixed-rate mortgage spiked last week, reaching 6.7% Friday, according to Mortgage News Daily. That's up from 3.3% at the start of the year.
By the numbers: The median price of a home in North Texas is $415,000, up 15% year over year, according to the latest report by the Texas Real Estate Research Center at Texas A&M University.
- The share of listings with a price cut in August was 36.1%, compared with 33.9% in July, per Zillow.
- Listings typically spent four days longer on the market than in July.
Yes, but: Rent is still way up. The typical rent is $1,882, up 13.5% since August 2021, according to Zillow.
3. 🏈 CeeDee Lamb comes up clutch in Cowboys road win
Near the end of the second quarter of last night's game against the Giants, Cowboys receiver CeeDee Lamb dropped a guaranteed touchdown — and for a while it looked like that play might be the difference between Dallas winning and losing.
Yes, but: Lamb redeemed himself in what turned out to be the pivotal, fourth quarter drive, making an incredible one-handed catch in the end zone for the go-ahead score.
The big picture: The Cowboys were underdogs going into the game, but won 23-16, notching a solid division victory on the road, giving Dallas a 2-1 record.
- Cooper Rush recorded his second win filling in for an injured Dak Prescott — who says he hasn't ruled out returning for next week's game.
Meanwhile: The Cowboys defense had another great game, despite Micah Parsons' illness. DeMarcus Lawrence sacked Giants quarterback Daniel Jones three times and Trevon Diggs sealed the game with a late interception.
The bottom line: It wasn't a pretty win, but it counts.
4. 🗞 Burnt ends: Bite-size news bits
🚨A Weatherford girl who shot her father and then herself was planning to kill him for weeks, authorities say. They both survived. (CNN)
📌 A former DEA agent hung notices all over a small California community with the photos and names of DEA informants in a large drug trafficking case against his stepson in North Texas, prosecutors allege. (DMN)
🚔 An Arlington police recruit died days after collapsing during a training exercise. (WFAA)
🤠 A committee charged with producing a "patriotic" telling of Texas history approved a 15-page pamphlet that will be distributed to new Texas drivers — but historians think it sanitizes history and shortchanges Indigenous Texans, Tejanos, Black Texans and women. (Texas Tribune)
💬 Quote du jour:
"Fifty percent ... have been good and continue to go on, and 25% where I just think to myself: 'What the hell was I thinking?'"— Dallas Mavericks owner and billionaire Mark Cuban, on investments he's made on Shark Tank. (CNBC)
Take your career to the next level
5. 🌮 One taco to go: Bachman Tacos & Grill
This week's Taco Tuesday taste test takes us to an excellent taco joint in a Chevron on the northwest side of town.
- Bachman Tacos & Grill serves authentic Mexican street-style tacos (and tortas) with made-from-scratch ingredients and slow-roasted meats — and it's open 24/7.
What to order: The three-taco plate, with trompo, barbacoa and steak.
Cost: $8.49 and it comes with rice, refried beans, caramelized onions, lime and a grilled serrano pepper and your choice of red or green sauce.
Pro tip: That red sauce brings the heat.
Six-word review: Great tacos, any time of day.
🤔 Know a great taco we should try? Hit reply and let us know.
This newsletter was edited by Lindsey Erdody and copy edited by Rob Reinalda and Yasmeen Altaji.
📚 Mike is reading Don Winslow's latest noir.
↪️ Tasha is giggling at this appreciation for the Texas Turnaround.
💸 Naheed is still confused about Netflix's Bling Ring documentary.
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