Grapevine - Colleyville - Southlake Edition - July 2020

GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION

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VOLUME 10, ISSUE 5  JULY 16AUG. 12, 2020

Lowsupply, high demand for housing underlined by COVID19 Demand spurred by historically low interest rates

WE'RE IN THE SIXTH OR SEVENTH YEAR OF LOW INVENTORY. IT'S LESS HOMES AND MORE BUYERS.

BY GAVIN PUGH

poised to remain in demand among buyers. “Southlake is hot. So [are] Grape- vine and Colleyville,” Russo said. “If a house is updated to a pretty good standard, really at any price, ... you shouldn’t be surprised to get multiple oers.” North Texas’ status as a regional employment hub has long been a draw for buyers, but historically low interest

Some North Texas real estate experts say COVID-19 has resulted in fewer homes on the market, but demand remains as high as ever. In step with regional trends, Grape- vine, Colleyville and Southlake have all seen year-over-year declines in total housing stock in recent months. But despite the low supply, Briggs Freeman Sotheby’s International Real- tor Carol Russo says the three cities are

RANDY WHITE, RANDY WHITE REALTY SERVICES OWNER

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GAVIN PUGHCOMMUNITY IMPACT NEWSPAPER

Police chiefs discuss de-escalation policies

Hundreds gathered in Southlake to support racial equity in the wake of the death of George Floyd in Minneapolis police custody. See the June 6 protest photos on Page 22. (Gavin Pugh/Community Impact Newspaper)

BY GAVIN PUGH

Weeks of racial justice protests across the nation have sparked inquiries from North Texas communi- ties into the use-of-force policies of their respective police departments. The Grapevine, Colleyville and Southlake police departments have all published responses to each of the eight points brought up by 8 Can’t Wait, a national campaign calling for police reform. 8 Can’t Wait garnered widespread attention in the weeks following the death of George Floyd in

A demonstrator holds a sign at the Southlake protest. (Ian Pribanic/Community Impact Newspaper)

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