Home Sweet Home

" Fox News alert new home construction rising -- obvious -- the highest level in nine months. The Commerce Department says construction rose one and a half percent or to a seasonally adjusted annual rate of 598000. Units. Economists had forecast 600000. New units or a little bit under but today's never seems to indicate America's housing market. Is taken a turn our lights. Course -- that I have bad news out there a we were in the room down Kelly. Namely the number of Americans involved in the foreclosure process and that number sadly continues to rise -- And then there is this a turnaround in the housing market of course is critical. Any kind of meaningful economic recovery in this country nowhere more so than down in the South Florida's got pummeled so his Georgia and in particular. Atlanta. Well the last time we spoke to Atlanta real estate agent Joshua keen about a month ago. Outlook is so great. But now -- says business is up 50%. Over the last 45 days the average sales price remaining steady. An 80% of his sales are to first time buyers the first time -- to get out there. Very joins us live from Decatur Georgia right outside of Atlanta proper with more hi Jonathan."

" Hi Megan right now I'm in the beautiful oak -- neighborhood just outside of Atlanta indicator Joshua -- The summer and -- mentioned that your sales are up and you're also seeing. More first time home buyers what's driving it well it's actually the first time homebuyers tax it is probably a lot of folks know that comes to an end on November 30. There's been chatter about maybe extending that even -- it but right now it -- in November 30 and that's driving most of the cells that are taking place. We take a look down the street this is west far road tell me what's what's going on here with home sales. Well home sales here are are kind of interesting this this is a great neighborhood for -- very gamely went to neighborhood that the public schools here top and in the -- town market. And but we've definitely seen a slowdown prices are down. Probably about 15% whole year over year. And we're seeing it take a little bit longer to sell homes the average market time -- increased almost 35 days over the last year. -- hey Joshua Kean thank you very much and we'll be checking in with him. Throughout the day Megan back to you."

" Good that we like good housing news Jonathan -- thank you so much you can -- and high gas prices have indicated the economy when demand is high for gas. It usually means business and travel -- picking up. Now the national average right now about 25080 gallon that is down eight cents from only a month ago and down about a buck thirty below prices where they were this time last year. Chris Gutierrez has been looking into this. And -- bump in Dallas Texas good morning press."

" Good morning to you don't -- whatever job candidates speaking with us I again -- with you periodically talked about these gas prices where are we right now wire well prizes there are -- them we're -- excited when school's out prizes go. Go it was school starts right start going down and they've gone down -- ten -- in the past few weeks and we're here for seeing that in the next. 23 weeks of would have another -- we should point out that you've been in the business -- selling and buying wholesale gasoline here in the Dallas area for about three decades. So thirty years you you keep a close -- and the futures market because that enables you to save money on your end and they can pass that on consumers we watch the futures in the morning and it prizes we're going down. The way you get Baghdad's -- David -- with a one up. We fell -- so what are you what are you talking about seeing out later this afternoon maybe prices going down domestic prices -- down possibly I'm gonna watch it. Warning and then all of -- deliveries. And I'll probably warm -- prices later today or in the morning would like to hear that John thanks again -- relevant. Thank you guys in New York they'll thank you Chris keep an -- it out there in Dallas and also -- Syrian Atlanta thanks to both -- in the economy again today."