Existing home sales in the region increased 15 percent in April, compared with the same period a year ago, a report Wednesday from the Upstate Alliance of Realtors showed.
Upstate, which tracks data from Allen, Adams, DeKalb, Huntington, Noble, Wells and Whitley counties, said 606 homes sold last month, up from 527 in April 2012. The average April sale was $127,223, an 11.4 percent increase from $114,224 in the same month last year.
Real estate brokers continue to point to record low mortgage interest rates as a reason for the uptick.
Indiana in top 10 for dog-bite claims
Indiana ranked among the top 10 states for dog-bite claims in a State Farm Insurance report released Wednesday.
Hoosiers ranked seventh, turning in 148 claims totaling $2.7 million in 2012. Neighboring states ranked in the top 10 as well. Illinois was second with 337 claims totaling $9 million; Ohio was fourth with 235 claims, $5 million; and Michigan placed sixth with 151 claims, $4.6 million.
California had the most claims with 451 totaling $17.1 million. In 2012, State Farm paid more than $108 million in dog-bite claims.
Foreign holdings in Treasurys rise
Foreign demand for U.S. Treasury securities rose to a record level in March, signaling further confidence in U.S. debt.
The Treasury Department said Wednesday that total foreign holdings increased 0.7 percent in March from February to $5.76 trillion. Holdings have increased nearly 11.9 percent in the 12 months that ended in March.
Demand increased even though the two largest buyers of U.S. debt reduced their holdings slightly in March.
China trimmed its holdings 0.1 percent to $1.25 trillion. Japan also cut its holdings 0.1 percent to $1.11 trillion.
The third-largest buyer, a group of five Caribbean nations that includes the Bahamas and the Cayman Islands, boosted its holdings 3.9 percent to $291.3 billion.
Steelmaker to cut 3,000 office jobs
Steel and elevator maker ThyssenKrupp says it will cut 3,000 of its 15,000 office jobs over the next three years to streamline the companys administration.
The company says the move is part of an effort to make its business structure more efficient and transparent. The jobs will be eliminated over the next three years, but the company says it plans to work with employee representatives and avoid involuntary layoffs.
The company said Wednesday it lost $852 million in the most recent quarter, its fiscal second, widening losses from a year ago. It took a large hit to earnings for the reduced value of its steel plants in the U.S. and Brazil, which it is trying to sell.
SJM cleared to build new resort in Macau
Macau casino operator SJM Holdings has received official approval to build a new resort in the worlds biggest gambling center.
SJM said its contract for land in the Cotai district was published Wednesday in the official government newspaper. The new projects are centered on the Cotai Strip, a patch of former swampland intended to be Asias version of the Las Vegas Strip.
SJM plans to build a 2,000-room resort with 700 gambling tables.