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  • Belfair Sewer System – 20 Year Payoff Plan

    Neatherlin RandyCommission Neatherlin proposes a solution to pay off the notorious Belfair Sewer System, a system estimated to go broke by 2017 under the current financing assumptions. At Tuesday's briefing session, Commissioner Neatherlin with the aid of Budget Director Frank Pinter presented a recommended solution utilizing REET 1 & 2 Funds,… Read More +

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  • Inslee Proposes Cap On Carbon Pollution

    insleeJan14sosWashington Gov. Jay Inslee has proposed a cap-and-trade program that would require industrial polluters to pay for every ton of carbon they release. The Democrat outlined the program on Wednesday as part of a broader package to help the state reduce greenhouse gas emissions. Inslee says the plan would raise nearly $1… Read More +

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  • Mariners Acquire Justin Ruggiano

    RuggianoRHP Matt Brazis sent to Cubs in trade. RHP Logan Bawcom designated for assignment.SEATTLE, Wash. – Seattle Mariners Executive Vice President & General Manager of Baseball Operations Jack Zduriencik announced today the club has acquired outfielder Justin Ruggiano from the Chicago Cubs in exchange for minor league relief pitcher Matt Brazis. Ruggiano, 32, played 81 games with the Chicago Cubs last season,

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July New Home Sales Fall 13.4%

b_250_0_16777215_00_images_obgrabber_2013-08_c95733ebab.jpgiStockphoto/Thinkstock(WASHINGTON) -- New home sales plunged 13.4 percent in July to an annualized pace of 394,000 units -- the biggest decline in sales since May of 2010. “The drop was consistent across all regions of the country so it's pretty pervasive and I think it was basically the result of the rise in interest rates,” said David Crowe, chief economist at the National Associate of Home Builders.

“Buyers took a breather,” Crowe said. “They stepped back from the market when they saw interest rates go up.”

Economists polled by Bloomberg were looking for new home sales to fall 2 percent to an annualized pace of 487,000 units. Despite the dramatic dip last month, Crowe believes the downturn is temporary because housing prices are going up and jobs are returning.

Copyright 2013 ABC News Radio

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