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  • Local Officials Recognized For Professional Excellence

    TheresiaEhrichTheresia Ehrich, currently the Chief Administrative Deputy for the Mason County sheriff's Department and Cathy Beierle, Finance Director for the City of Shelton, two financial services professions, have earned the "Professional Officer Award" for the State of Washington from the Washington… Read More +

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  • Student Shooter Dead After School Attack

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  • Baldwin Optimistic About Seahawks Moving Forward

    baldwinDoug Baldwin was about to board the charter bus last Friday when he got word Seattle had traded Percy Harvin. Two days later, he sat in a St. Louis locker room after one of the best games in his career answering questions about whether he was involved in a preseason scuffle with Harvin. Baldwin and the Seahawks are ready to put the Harvin conversation in the past.

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Existing-Home Sales Declined in June

b_250_0_16777215_00_images_obgrabber_2013-07_ed0802ab17.jpgFuse/Thinkstock(WASHINGTON) -- Existing-home sales declined this June, according to the National Association of Realtors. Total existing-home sales dipped 1.2 percent to a seasonally adjusted annual rate of 5.08 million in June. National Association of Realtors spokesman Walter Molony believes an increase in home loan rates in high cost markets may be to blame.

"We may be seeing some minor impact from higher mortgage interest rates. Also, there was a slight pullback by investors. But we do see enough momentum in the market, even with rising mortgage rates. Affordability conditions are still favorable in most of the country," Molony said.

While June's home sale numbers are down from May's 5.14 million, the June statistics are still 15.2 percent higher than the 4.41 million-unit level in June 2012.

"Monthly sales dipped in every region but the Midwest, which was flat, but all the regions are showing strong double-digit sales increases from a year ago. In fact, sales have been trending well above year ago levels now for the past two years," Molony said.

"Occasional monthly dips are to be expected, even in an uptrend, but to put it in perspective sales are still at the second-highest pace in three and a half years," Molony added.

Copyright 2013 ABC News Radio

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