comeback. ken is a home builder and for his company, sales are up since a year ago. you were on rock bottom. you were on the floor. but now there is a little bounce off of that floor. is that accurate? yeah, we re feeling a bounce and we feel each month it gets a little better. but we re off the rock bottom now. marney has been a real estate broker for 15 years. she showed us one street that is still in a lot of trouble. how many years do you think this will take in this county alone, to get back to normal? wow. i couldn t even imagine how many. five to ten years? there are 12 homes on this street. three are owned by the banks. two are short sales. and six are empty lots. give me the good news here. well, the good news is that we re making a turn and we re getting away from the distress sales and getting more traditional sales and as i mentioned, the investment market is really good.
a lot of trouble. 12 homes on the street 3 owned by the bank, 2 short sale and 6 are empty lots. give me the good news. the good news is we are making a turn and we are getting away from the distress sales and getting more traditional sales. the investment market is really good. thanks to bill hemmer for that report. the jobs market still needs to see a few months of steady growth before the housing market makes a stride toward recovery. things are heating up in the soccer championship in europe. fans getting into it with each other and the security staff. what a scene. and new details on a highway crash involving actress lindsay lohan. n wow, look at that. now the truck driver is speaking out. you are watching the fox report.
i couldn t even imagine how many years. five to ten years. there are 12 homes on the street. three are owned by banks. two are short sales. six are empty lots. give me the good news here. well, the good news is we are making a turn. we re getting away from the distress sales and getting more traditional sales. the investment market is really good. yet, ernie marquee who worries for his teenage son is not convinced fully better days are ahead. i hope it s better for him. i hope he doesn t experience what we experienceed. we live in america. we think we ll do great some day. he hasn t decide who had will get his vote. if a candidate wants to win florida, orange county might tell them an awful lot. in orlando, bill hemmer fox news. republicans and democrats agree that interest rates should remain low on student loans but how to pay for that is a real problem. president obama pushed for
hurting sales. it s interesting to note where the deals are. we still see foreclosures piling up. the median hom price is $156,500. so we see foreclosure keys nationwide. the existing home sales make up 2/3 of all sales. so this is an important number to watch. alisyn: when you talk about foreclosures, what happens to all those homes? the government just owens all of these hundreds of thousands of homes? reporter: goldman sachs is saying the government is on track to have more housing prompt that banging sector. so what is the government going to do with all those houses? they are selling those homes. they are not sitting on on them. we are seeing foreclosure activity not coming in as strong as we expected. we are seeing distress sales.