ST. JOE CO.

St. Joe, Florida's largest private landowner, will cut back on jobs and
reorganize its corporate structure. In the reorganizations, St. Joe will
consolidate three of its former major units, which focused on residential
projects, commercial and land sales. Instead, the company will break
into units focusing on geographic regions.

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PROPERTY INSURANCE

Condo living is quickly becoming more expensive as insurers pull out of
the condo association market. Since April, the number of condominium
associations covered by the state-sponsored insurer of last resort has
gone from 3,500 to 5,000, and new applications are coming in at a clip
of 250 each week.

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HOME EQUITY

A home has become the primary asset for more Americans, and some
economists warn that many homeowners are jeopardizing their
retirement savings by continuously tapping into their home equity.

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COMMERCIAL

More developers and landlords have turned multifamily properties
into for-sale condos over the past few years. Thirty-four percent
of multifamily residences sold last year were condo conversions,
according to NAR.
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ECONOMY

While many analysts seem to agree that the U.S. economy is slowing,
many news reports are focusing on the differing predictions of what's
next: a return to stable, modest growth or a recession.

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