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  • Oysterfest 2014 Is Coming Your Way!

    oysterfest-vendorsWednesday morning on Daybreak Jeff and Dale sat down with Patti Case and talked about the plethora of events taking place at this year's Oysterfest which takes place this weekend at the Washington State Fairgrounds in Shelton.

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  • Army Drops Murder Charges Over Iraqi Boys' Deaths

    M-BarberaThe Army has dropped murder charges against a soldier in the shooting of two unarmed Iraqi boys during a blown reconnaissance mission in 2007, but he still faces prosecution on allegations that he obstructed the investigation and threatened a journalist's wife.

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  • Mariners To Be Aggressive Adding Bats In Offseason

    mariners logo5After narrowly missing the postseason, the Seattle Mariners say they will raise payroll in 2015 and aggressively pursue offense during the offseason. General manager Jack Zduriencik and manager Lloyd McClendon spoke Tuesday, two days after Seattle concluded an 87-75 season. The Mariners finished one game behind Oakland in the AL wild card standings.

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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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