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Your Monday marketplace guide |
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Editor’s Note: Welcome to The Business Report, a new weekly digest of Tarrant County’s essential business news, brought to you by Fort Worth’s largest business reporting staff. Don’t have time to mind your business? You can opt out here and still receive our other newsletters. |
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In today’s Business Report from the Fort Worth Report: In depth: A focus on real estate Economic indicators for June The Top 5: Rising mortgage rates Number of the Week People on the move
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Fort Worth’s economic growth is impacting housing affordability Will Fort Worth be able to retain its reputation as a place for affordable and attainable housing as prices continue to increase? Buyers and economic development officials want to see more diversity in the area’s housing stock. Why are leaders worried? Affordable and attainable housing can be key to a community’s economic health and attracting new business. What can be done? City officials want to encourage more diverse housing in developments, but acknowledge that may be difficult. Longer term, different zoning options may help alleviate the issue. Read the whole story. |
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The Top 6: Stories of the week |
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| If the hot housing market weren’t enough, home buyers now face rising mortgage interest rates. Business reporter Seth Bodine reports how that’s a double-whammy for many first-time buyers. |
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| Fort Worth government officials, real estate professionals and others are thinking about developments plans for Panther Island. Business editor Bob Francis reports how officials are revisiting development plans. |
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| Under Mary Margaret Lemons’ leadership leadership, FWHS has transitioned from a traditional public housing authority to one that has provided a variety of affordable housing opportunities. Business editor Bob Francis reports how Lemons is making housing accessible in this week’s Profile in Leadership. |
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Two months into a pilot program testing Bitcoin miners, the city of Fort Worth is exchanging its machines for a less energy intensive machine. Reporters Seth Bodine and Rachel Behrndt explain why the city returned the machines.
In the latest installment of the Fort Worth Report’s occasional conversation series, business editor Bob Francis speaks with Ben Rosenthal and Ashli of Standard Meat Co. about the acquisition of Syracuse Sausage. Since January, community members have wondered why TCU and the Health Science Center dissolved their partnership in the school of medicine. Health reporter Alexis Allison reviewed hundreds of pages of documents to help answer that question.
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Read our Business section for the rest of what’s happening in Tarrant County. |
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Check the pulse of Fort Worth’s economic health with our complete economic indicators dashboard, covering trends in real estate, growth, innovation and banking. This week’s numbers: |
⬆️ Fort Worth issued about 7,000 building permits in just four months. ⬇️ Housing inventory starts to stabilize with 1.1 month of inventory. ⬆️ Median home prices hit a record $367,000, up 24.4% from a year earlier.
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| LaSharndra “Sharn” Barbarin, FACHE, has been named chief executive officer for Medical City Arlington, starting June 27. Since 2015, Barbarin has served as CEO at Medical City Lewisville. Under her leadership, the hospital experienced historic growth, expanding the breadth and depth of services including emergency/trauma, robotics, orthopedics, spine, breast oncology and colorectal. |
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| Stream Realty Partners has announced Tiffany Marano will serve as Managing Director of Property Management for the Dallas-Fort Worth area. Marano comes to Stream, a national real estate services, development, and investment company, from Cushman & Wakefield, where she was a Director in Southern California for six years. |
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Are you “On the move?” Send us your people updates. |
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| That’s how much the Federal Reserve raised interest rates on June 15. The increase, an effort to wrangle inflation, is the highest rate increase since 1994. |
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Do you count on the Fort Worth Report for business and city news? We are an independent nonprofit funded by our readers. Donate today to keep us going. |
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Heard some news? Send us your press release or story tip. As always, thanks for reading, and please let us know what you want in your Report. |
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Bob Francis,
Business editor |
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