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  • Man Rescued From Fall At High Steel Bridge

    steelbridgerescue A hiker who fell down a steep embankment beneath Washington state's highest bridge was hoisted to safety in a dramatic rescue operation Tuesday. A Special Operations Rescue Team from several Mason County agencies found the 25-year-old Bremerton man under High Steel… Read More +

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  • Thurston County Fair Opens Wednesday

    tcfairThe 2014 Thurston County Fair is Wednesday, July 30 through Sunday, August 3. Plan to enjoy the food, fun, history, and heritage at the County's signature summer event. The 2014 theme is "Fun for the Whole Herd!”  Admission to the fair… Read More +

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  • Mariners Over Indians 5-2

    mariners logo NewHisashi Iwakuma kept his road record spotless since last July, pitching seven strong innings to lead the Seattle Mariners to a 5-2 win over the Cleveland Indians on Tuesday night. Iwakuma (9-5) improved to 9-0 in his last 14 road starts, the second-longest such streak in club history. He is 5-0 outside Seattle this season. Dustin Ackley hit a two-run double in Seattle's four-run fourth against Trevor Bauer (4-6).

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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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