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  • Electrical Odor At Frontier Antiques

    elect821141Thursday, August 21, 2014 at 5:28pm Central Mason Fire & EMS responded to a report of a commercial structure fire at 315 S 1st Street, Shelton WA at Frontier Antiques. Upon entry of the building there was a strong electrical odor.… Read More +

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  • SR 99 Will Be Closed For Four Days

    crackedroadThe Washington State Department of Transportation will close both directions of SR 99 between South Spokane Street and Valley Street from 10 p.m. Friday, Aug. 22, until 5 a.m. Monday, Aug. 25. Crews will reopen SR 99 south of the Battery… Read More +

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  • Seattle Storm Wins Lottery Pick

    seatte stormThe Seattle Storm have won the No. 1 pick in the WNBA draft lottery. The Tulsa Shock was awarded the second pick Thursday night, with Connecticut picking third and fourth. The Sun acquired the Liberty's pick on draft night this past April in part of a package for Tina Charles. The Storm finished tied with Tulsa for the league's worst record at 12-22 and each had a 35.9 percent chance of landing the No. 1 pick.

    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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