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  • PUD3 Financial Reporting Wins 10th Straight Award

    PUD3 FinancialMason PUD 3 has received its tenth consecutive international recognition for the quality and completeness of its financial reporting. PUD 3 was awarded the Certificate of Excellence in Financial Reporting for its 2013 Comprehensive Annual Financial Report by the International Government Finance Officers Association (GFOA) of the United States and… Read More +

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  • Immigrant Advocate: Many Left Out By Obama Action

    VillalpandoOne day after President Barack Obama announced his executive action on immigration, advocates and immigrants gathered outside the Northwest Detention Center in Tacoma to highlight those left out. According to estimates and studies, Obama's executive action affects more than 4 million immigrants, including about 105,000 in Washington state.

    Read More +
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  • Jeanpierre Returns To Add Depth At Center

    seahawksFacing a dilemma at the center position following an injury to Max Unger last week, the Seattle Seahawks were fortunate that former backup Lemuel Jeanpierre was still available as a free agent. The Seahawks re-signed Jeanpierre on Tuesday to provide depth at center following a high-ankle sprain suffered by Unger last week against the Kansas City Chiefs.

    Read More
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Sales of New Homes Jump to Highest Level in Five Years

b_250_0_16777215_00_images_obgrabber_2013-07_f99f333bb5.jpgiStockphoto/Thinkstock(WASHINGTON) -- The number of new homes sold in June brought sales to the highest level since May 2008. Sales of new single-family houses last month increased to a seasonally adjusted annual rate of 497,000, the most in five years, a report from the U.S. Commerce Department said. David Crowe, chief economist of the National Association of Home Builders, says 900,000 home sales a month would be consistent with a "healthy" market, but the surge is encouraging.

 

“We're still a long way off from anything you might call normal,” he added.

“It's indicative of home buyers feeling more confident about their purchases,” Crowe said. “House prices have been increasing, interest rates -- while they went up a little -- are still a very good bargain, and so this waiting period is finally over for a larger number of people.”

The price of new homes sold has also moved up compared to a year ago.  The median price is now $249,700 compared to $232,600 a year ago.

New homes make up a small chunk of the housing market but have an important ripple effect on the economy.

Copyright 2013 ABC News Radio

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