Your lunchtime look at D-FW business [Your lunchtime look at D-FW business]
August 03, Â 2018
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(Tom Fox / Staff Photographer)
The Big Story
More for sale signs are landing in front of D-FW homes this summer
D-FW is one of the major U.S. markets that's seen the biggest jump in homes up for grabs this year, according to a new study by Realtor.com.
The number of local houses on the market with real estate agents has jumped 15 percent, the online home marketing firm estimates.
The number of homes listed for sale across the country priced at $350,000 and up has risen 5.7 percent, while listings for properties under $200,000 has fallen almost 16 percent.
[That's particularly true in North Texas](, where less than 20 percent of the houses for sale are listed under $200,000 â the price point most appealing to thousands of would-be first-time buyers.
-[Steve Brown](
The Latest
Cityplace tower hopes to make splash with pool deck
Built by Forest City Realty Trust and Cityplace Co., [the 23-story tower]( on Blackburn Street near North Central Expressway was built on one of the last available properties in Uptown.
How D-FW construction sectors are doing in 2018
[The amount of office space being built in the area has declined](Â
from the end of last year.
Brookstone pulls out of malls, keeps airport stores
The seller of massage chains, fitness monitoring products, pillows, travel and barbeque tools has struggled since [its last bankruptcy in 2014](.
Bike-share firm Mobike leaves Dallas
[The Beijing-based bike-share company](, which rode into Dallas in December, is refunding remaining credits to customers and moving its bikes to other U.S. markets.
Will an empty Lakewood supermarket open again?Â
"It will not be a grocer," said Ward Kampf, [president of Northwood Retail](, the Dallas-based company that owns the building.
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Elsewhere in Texas
- Austin: Companies that run [6 Austin TV stations]( face antitrust lawsuit. (Austin American-Statesman)Â
- Houston: [A mixed-use project]( will replace a former Walmart in northwest Houston. (Houston Chronicle)
- San Antonio: The city approved [a controversial plan]( to downzone South Side businesses near missions. (San Antonio Express-News)
- Houston:Â [Enbridge]( is selling its Houston gas processing business for $1 billion. (Houston Chronicle)
- Lubbock:Â [Reagor Dykes]( companies file for bankruptcy after Ford Motor Credit files suit. (Lubbock Online)
(Tom Fox / 2017 DMN file)
SPOTLIGHT
Are student loans, avocado toast really keeping millennials from buying homes?
Millennials are buying homes. Never mind the punditry that the plastic straw-hating snowflakes are stuck in overpriced apartments because they keep opening their wallets for $7 avocado toast. They made up 34 percent of American home buyers in 2017, more than any other age group, accordingto the National Association of Realtors.
And though a bevy of economic factors are working against them, [millennials are driving developers to make their communities experience- and amenity-rich, inclusive and connected to the cities around them](.
Millennials are on the verge of becoming the country's biggest generation, and they make up the plurality of the labor force, according to Pew Research Center. And born as early as 1981, they're also a lot older than many expect, with the most senior of the generation in their mid-to-late 30s. Â
-[Arren Kimbel-Sannit](
Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges.Â
DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them.Â
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