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    pioneersd logoPioneer School District is establishing a Pioneer Bond Advisory Committee (PBAC) to help communicate with the public, review expenditures, develop/review the design and provide feedback during the selection of firms. According to information provided by the school, District Board of Directors and… Read More +

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  • Lawyer: Second Autopsy Shows Officers Shot Man From Behind

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  • Feb. 26 - Sports Briefs

    sports1WSU Over S. CA - Dexter Kernich-Drew scored 19 points, DaVonte Lacy added 17 and Washington State held off a late rally to beat Southern California 70-66 last night. Josh Hawkinson added 11 points and 13 rebounds for the Cougars (12-15, 6-9 Pac-12) to tie the school's single-season record with 17 double-doubles.

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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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