Kokomo Tribune; Kokomo, Indiana

Breaking News

Business

January 19, 2014

Business briefs, Jan. 19, 2014

Kokomo housing prices still rising

According to the latest housing data compiled by RE/MAX of Indiana, the average price for homes sold in Kokomo increased by 7.66 percent during the month of November compared to the same time last year. Local consumers saw prices rise from an average of $85,239 to $91,767.

“We’re seeing a rise in home prices as a result of continued consumer confidence in our growing local economy,” said Penny Irwin, broker/owner with RE/MAX Realty One. According to Irwin, Kokomo’s economy has a bright future ahead due to the growth in employment from Chrysler’s expansion in 2013, which added nearly 400 new jobs to the area.

Despite improvements in average sales price, homeowners in Kokomo experienced a moderate reduction in home sales with 68 homes sold, compared to the same time last year with 74 homes sold, representing an 8.11 percent decrease.

“The slight decrease in November sales is a result of the holidays approaching and winter just around the corner,” said Irwin. “In addition, the tornado we experienced in November played a significant role in reduced sales, as many of Kokomo’s real estate offices, banks and title companies were closed while trying to find temporary locations.”

Although the number of homes sold slipped in November, Irwin explained year-to-date numbers show home sales increasing in Kokomo throughout much of 2013, indicating signs of recovery. In fact, the number of homes sold year-to-date increased 7.60 percent for January through November 2013 compared to the same time in 2012.

Further analysis of the area shows the average number of days on market increased for November compared to the same time last year. The average length of time a home sat on the market rose 4.72 percent to 111 days, compared to 106 days in 2012.

Salin donates Burlington building

Family-owned and Indiana-based Salin Bank & Trust Company is donating its Burlington Indiana Banking Center Building to the Community Howard Regional Health Foundation, Inc., bank officials announced this past week.

Text Only | Photo Reprints
Business
  • CORRECTION Fast Food Workers Convention-3 [Duplicate] Fast food workers prepare to escalate wage demands CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort th

    July 25, 2014 1 Photo

  • Resilient Stocks [Duplicate] Global tensions don't dent enthusiasm for stocks A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher. The market's resilience

    July 25, 2014 1 Photo

  • Earns General Motors [Duplicate] GM profit 2Q falls 85 pct. on recall costs DETROIT (AP) — Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. The automaker, which is in the midst of the worst recall crisis in its history, posted a net profit of $190

    July 24, 2014 1 Photo

  • China McDonald's KFC [Duplicate] Boss of company in China meat scandal apologizes BEIJING (AP) — The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. Fast food chains in China suspended use of products

    July 24, 2014 1 Photo

  • IMF sees US growth at weakest since recession WASHINGTON (AP) — U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global len

    July 23, 2014

  • Wall Street [Duplicate] US stock slip to start the week; Six Flags sinks NEW YORK (AP) — The stock market drifted lower to start the week as more companies lined up to post their quarterly earnings. Mounting tensions between Russia and the West over the downed plane in Ukraine also occupied investors' attention. KEEPING S

    July 21, 2014 1 Photo

  • Russia's Severstal selling US plants for $2.3B NEW YORK (AP) — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened san

    July 21, 2014

  • BIZ - KT072014 - Ford acquisition - secondary pic Howell acquires Kokomo Ford franchise rights A few years ago, the owners of Brad Howell Ford and Kokomo Auto World threw around the possibility of Howell acquiring Kokomo’s Ford franchise rights from the latter, but things didn’t work out. The conversation was rekindled over the holidays during

    July 20, 2014 2 Photos

  • Wall Street [Duplicate] US stocks trading higher on company earnings Stocks headed for a higher close late Friday afternoon, rebounding on a wave of strong corporate earnings from Google, Honeywell and other big companies. Bank holding company Huntington Bancshares and furniture maker Knoll were among the big gainers.

    July 18, 2014 1 Photo

  • Indiana jobless rate up slightly to 5.9 percent INDIANAPOLIS (AP) — Indiana's unemployment rate rose slightly to 5.9 percent in June, marking the state's first increase in almost two years. Figures released Friday by the state Department of Workforce Development show Indiana's jobless mark went up

    July 18, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Palestinians and Israeli Soldiers Clash Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller