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Local expert forecasts 'normalized' housing market, economic resilience in Central Texas

Home prices and interest rates are unlikely to return to the lows seen in 2021 and 2022, a local expert shared in May. 

In a nutshell: Mark Sprague, state director of information capital at Independence Title, a title insurance and real estate settlement company, addressed attendees of a May 14 Round Rock Chamber lunch to share his take on the region's economic outlook. 

Texas, Sprague said, benefits from economic resilience with strong job and population growth, defying national trends. Matched with a housing market and interest rate environment returning to historical norms, he said the area is primed for economic balance.

 
On The Business Beat
New restaurants, retail, health care options: Check out these 16 Round Rock business updates

New restaurants, pet and human health service and retail options are now open and coming soon to Round Rock. Read on to learn more about local business news. 

Now open
Barrio Burrito Bar: The first Texas location of the restaurant opened in mid-May, bringing a fast-casual model and a menu including burritos, tacos, bowls, quesadillas and more that can be customized with a variety of proteins, toppings and house-made sauces, according to the business. This location is locally owned by Mikita Mirani.

  • Opened May 14

  • 661 Louis Henna Blvd., Ste. 330, Round Rock

Greenbelt Health: Dr. Charu Sawhney, an internal medicine primary care physician, opened the private practice in Round Rock. The practice provides primary care services for adults, including annual physicals, chronic disease management, preventative screenings and more. The office also offers weight management and hormone therapy services.

  • Opened in early February

  • 171 Deep Wood Drive, Ste. 103, Round Rock

 
Williamson County Coverage
WilCo commissioners approve land purchase, funding for proposed justice center

Williamson County commissioners formally authorized a land purchase and funding mechanism May 19 for a 255-acre tract in southwest Georgetown intended for the justice center.

What happened: Located on SE Inner Loop adjacent to the new county administration building, commissioners said the location will allow for efficient government operations and meet the needs of the growing population.

The vote to close on the land sale passed 4-0, with County Judge Steve Snell absent.

Commissioners also authorized up to $150 million in tax anticipation notes, a short-term funding strategy to minimize interest, that will cover the $76 million land cost.

What they’re saying: Many county residents spoke during the public comment period to oppose the location of the proposed justice center, saying that it is too close to nearby neighborhoods and schools.

Commissioners acknowledged the comments and concerns of residents, but decided to proceed with the project. County officials said the current justice facilities have urgent infrastructure needs that require timely attention.

 

Your Weekend To-Do List

Check out these weekend events across the metro area.

7th Annual Austin Greek Festival

Summer Classic Film Series opening weekend

May 22-24, times vary
Austin

May 22-24, times vary
Austin

More info

More info

 

Dripping Springs Fair and Rodeo 2026

7th Annual Antique Barn Sale & Artisan Show

May 22-24, 7:30 p.m. (daily rodeo performance)
Dripping Springs

May 23, 7:30 a.m.
Cedar Park

More info

More info

 
To submit your own event, click here.

Your local team

Grant Crawford
Editor

Amy Leonard Bryant
General Manager

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