T
exas voters have re-elected incumbent Republican Ted Cruz to a third senate term, with early election results showing him securing 54% of the vote compared to Democrat Colin Allred's 44%. The real estate industry was heavily invested in Cruz's campaign, with hundreds of thousands of dollars pouring in from industry veterans and newcomers. Notable donors include Mehrdad Moayedi, who bought a private jet from Trump for $10 million, and Rex Glendenning, broker-owner of Rex Real Estate.

    In contrast, Allred failed to gain significant support from real estate titans despite breaking multiple fundraising records. During a debate hosted by WFAA in Dallas, Cruz and Allred clashed over housing issues, with Allred pointing to low supply as the root of affordability problems and advocating for legislation to build more affordable housing. Cruz, however, focused on undocumented immigration as the main stressor on housing costs, without offering a direct solution to address the issue.