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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.

    Read More
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Pending Home Sales Drop 5.6 Percent in September

b_250_0_16777215_00_images_obgrabber_2013-10_9cd9d4c028.jpgFuse/Thinkstock (NEW YORK) -- The number of Americans who signed contracts to buy homes dropped sharply in September, reflecting higher mortgage rates and home prices that have made purchases more costly. The National Association of Realtors says its seasonally adjusted pending home sales index fell 5.6 percent to 101.6, the lowest level in nine months. The decline pushed the index below its year-ago level, the first time that's happened in nearly two and a half years.

There is generally a one- to two-month lag between a signed contract and a completed sale. The drop suggests final sales will decline in the coming months.

Mortgage rates reached a two-year high in August and remained elevated in September. But they have fallen in the past month, which could help boost contract signings in October.

Copyright 2013 ABC News Radio

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