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  • Hearing To Gather Comment On Marijuana Moratorium

    masoncounty logoThere will be 3 Public hearings at Tuesday evening's Mason County Commission meeting. The first hearing addresses where multifamily housing will be allowed in Mason County following recent passage of a bill that allows for tax incentives for low income… Read More +

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  • Cooler Weather Aids Crews Fighting Fire

    fireinsideus2Firefighters and local authorities are heartened by weather forecasts that call for cooler temperatures and higher humidity as they battle a destructive wildfire that has charred hundreds of square miles in Washington state and is the largest in state history. They… Read More +

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  • Mariners Past Mets 5-2

    mariners 8Kyle Seager drove in two runs, Mike Zunino homered into the second deck at Safeco Field and Dustin Ackley stole a home run with a leaping catch at the wall in the Seattle Mariners' 5-2 win over the New York Mets on Monday night. After losing two of three to the Angels after the All-Star break, Seattle got a solid start from Roenis Elias and improved to 8-2 all-time against the Mets. Elias (8-8) threw 5 1-3 innings before leaving with cramping in his left forearm.

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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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