live from new york this morning. we begin with what may be the occupy wall street move s biggest target so far, the iowa caucuses. cnn learned protesters plan to disrupt the first of the nation contest on january 3rd. organizers hope to have enough demonstrators on hand to occupy the campaign offices of president obama and all the republican candidates. they say their goal is to get them to start talking about the issues facing the 99%. also in tennessee, a federal judge has now ordered officials to stop arresting occupy protesters. the temporary restraining order blocks a curfew imposed by the governor last week that limited the time protesteders could gather at a popular downtown spot in nashville. the order will remain in effect for three weeks. republican presidential candidate herman cain is denying allegations of sexual harassment. he came out swinging yesterday regarding issues of inappropriate behavior while he was head of the national restaurant association in
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.
new york remembers that as well as california. where are some of these good deals? they re happening in those areas you and i have talked about in the past. california, florida, nevada, arizona. in fact, a handful of states account for 51% in total of foreclosure activity, and those would be those states. michigan, miami, arizona, nevada, florida. investors are interested in miami, l.a. but hey, you know, why not? if you can do it and make it work financially, it s a good time to do it. if you haven t done this before, haven t bought a foreclosure, what s the strategy? you have to find the listing, and that s interesting. you can start at zilla.com. it s a good idea to work with a specialized agent. someone that specializes in foreclosed property. they know the process and they point out the good stuff versus the bad. does it take longer? no. they make the process go a lot more smoothly for you. they work with the banks to get
increase in the past 6 months and economistings caution a big reason for the spike, people are buying foreclosed homes and you know the home sale record in 2010 was as bad as we had seen it in 37 years. a new report showing the housing crisis is spreading, realtytrac finding foreclosures increased in 3/4 of american cities, among the largest cities, houston, seattle an atlanta and the biggest spike from 2009 and expects foreclosure activity, this year, to out pace last year levels ja the kind of news we want, right? fox news weather alert, the storm slamming the northeast, and, hitting the nation s capitol hard, check out the video in a moment, from the white house. a pretty shot. drivers were stranded in their cars, overnight the state of maryland. peter doocy is nearby in arlington, virginia. how goes it? reporter: well, bill, right
and high unemployment is the main driver of rising foreclosures. eric bolling joins me from follow the money on the fox business network. reporter: there is good news. you saw the numbers. houston, seattle, atlanta, chicago. massive increases in foreclosure activity it went from high prices and easy loans to job loss. so they are foreclosing. we plea dictd this. we predicted the first two quarters would be the worst. it will continue for the next few months. but silver lining is when you foreclose on the house, there is always a buyer. and that soaks up a lot of the