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Shelton, WA

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  • Shelton Resident Graduates from FEMA’s EMI

    burbridge gradChief Bob Burbridge, Mason Fire District #4, graduated from the Federal Emergency Management Agency’s (FEMA) National Emergency Management Basic Academy at the Emergency Management Institute (EMI) on September 18, 2014. EMI has created the National Emergency Basic Academy to produce… Read More +

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  • Seattle Sends Warning Letters To Medical Pot Shops

    MJ med3The city of Seattle is warning its more than 300 medical marijuana businesses that their days could be numbered. Officials this week have sent letters to 330 medical marijuana growers, processors and dispensaries reminding them they need to either shut… Read More +

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  • Baldwin Optimistic About Seahawks Moving Forward

    baldwinDoug Baldwin was about to board the charter bus last Friday when he got word Seattle had traded Percy Harvin. Two days later, he sat in a St. Louis locker room after one of the best games in his career answering questions about whether he was involved in a preseason scuffle with Harvin. Baldwin and the Seahawks are ready to put the Harvin conversation in the past.

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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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