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Detailed text transcripts for TV channel - FOXNEWS - 20100824:15:06:00

Relatively quiet. so far, we have been average. so but we are expecting john in the next few weeks as the waves roll off the coast of africa for things to get busy. we can t roll out the rule out the season yet. we re just hitting peak season. jon: thank you janice. jenna. jenna: jon, storms might not be such a bad metaphor to what s happening in the housing market. sales of existing homes, hose that have already been owned, a 15-year low. if we look at last month, they actually fell 27 percent in one month alone, ashley webster is here from the fox business network with this news. kind of a tough number to take today, actually. we were expecting a poor number. this was downright ugly. in fact, expectations were for existing home sales to drop about 13 percent year on year in july and what we got was 27.2% drop, that s twice as bad as expected. we got a lot of factors weighing on the market. we have an overabundance of supply, we have the end of the tax credit from the governme ....

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