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Alan Zibel reports for the AP on MSNBC:

New home sales hit slowest pace on record
Unexpected 12.4 percent drop is latest sign recovery fading

“Sales of new homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading.

The Commerce Department said Wednesday [Aug. 25] that new home sales fell 12.4 percent in July from a month earlier to a seasonally adjusted annual sales pace of 276,600. That was the slowest pace on records dating back to 1963. The past three months have been the worst on record for new home sales…

Weak home sales mean fewer jobs in the construction industry, which normally powers economic recoveries. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.”

Ed. Note: How will that translate to Yelm?
Long-time Yelm Remax agent Cynthia Schmier, who has her fingers on the pulse of Yelm real estate, gave a personal account to Yelm’s City Council last Tuesday about the massive water rate increases & 235% increase for residential water hook-ups here affecting people’s decisions to not rent & buy homes in Yelm’s city limits, especially military on a monthly stipend.

And effective this Wednesday in Thurston County:
time of Transfer / sale inspection
Program Begins September 1, 2010

Thurston County’s sewage system regulations (Article IV) were updated on May 18, 2010 to meet the minimum requirements of state law WAC 246-272A-0015. A key part of these amendments is a requirement for the evaluation of On-Site Sewage System (OSS) when the property they serve is sold or transferred. The requirement was put in place to help inventory sewage systems and identify and assure the timely repair of Failing Sewage Systems.
Application and Supporting Documents

Part of this process requires an Industry Professional, either a certified Pumper, Installer, or Monitoring Specialist, to inspect the system. The following documents must be submitted to our office either by mail or in-person along with the $170 fee.

Thurston County Public Health and Social Services Department
412 Lilly Rd. NE
Olympia, WA 98506-5132
(360) 867-2500

Posted by Steve on August 30, 2010 at 6:56 am | Permalink

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