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  • Labor Day 2014

    labordayLabor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength,… Read More +

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  • Drones Banned At Olympic National Park

    drone policeOlympic National Park officials have banned the use of drones within park boundaries. The ban was approved by Superintendent M. Sarah Creachbaum last week, following a directive from the National Parks Service that ordered superintendents in its 401 parks to… Read More +

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  • Mariners Lose To Athletics 6-1

    mariners 8The fired-up Oakland Athletics came out swinging, and Chris Young's day was short-lived. Newcomer Adam Dunn hit a two-run homer as Oakland jumped to a five-run lead in the first, and Young failed to make it out of the inning as Seattle lost 6-1 to the Athletics on Monday. "I wasn't sharp. My stuff wasn't good, it was flat," Young said. "They came out super-aggressive, you could see it.

    Read More
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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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