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Michigan Business Network: Kettering - Top

Reports and Announcements – Rising Home Prices and More!

Regional BusinessRising home prices are starting to catch up with buyers and may be leading some to put off buying for a little longer. Existing home sales tumbled 4.8 percent in August, to a 5.31 million seasonally adjusted annual rate, the National Association of Realtors said, the steepest month-to-month decline since January, when they fell 4.9 percent.

Orders for long-lasting manufactured goods fell in August, a sign that a strong dollar and economic turmoil overseas may be giving firms pause before they invest in new equipment.

Trucking activity rose to its second-highest level on record in July, as a strengthening economy increased the amount of freight on the road. The amount of cargo hauled by U.S. truckers rose 2.8% in the latest reading of the American Trucking Associations’ monthly index.

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