AGP Executive Report
Last update: 6 hours agoHousing & Mortgages: Michigan homebuyers are getting squeezed again as 30-year mortgage rates push above 7% while median prices stay about 6% higher than a year ago, raising costs for buyers, builders, lenders, and spending. Consumer Economy: U.S. consumer sentiment fell to a four-month low in September as inflation expectations jumped, with the University of Michigan index at 48.1. Markets: The Dow edged up Friday as Treasury yields eased and optimism grew around a phased approach to reopen the Strait of Hormuz. Local Infrastructure: MDOT will repair the M-40 bridge over I-94 in Paw Paw starting Sept. 30, with lane closures and no left turns from I-94 ramps. Workforce Transition Funding: Michigan’s Economic Transition Fund is awarding $1 million to 10 communities to help regions adapt to industry change and build longer-term resilience. Travel & Business: Delta will add nonstop Detroit-to-Athens service starting June 8, 2027, boosting tourism and business links. Sports Business: The Pistons’ Jalen Duren contract standoff continues, with reports of trade suitors as the relationship deteriorates.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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