[Business Wire] - The St. Joe Company today announced that the Company’s Board of Directors has adopted a new real estate investment strategy, which is focused on reducing future capital outlays and employing new risk-adjusted investment return criteria for evaluating the Company’s properties and future investments in such properties. […]

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[Business Wire] - Consolidated-Tomoka Land Co. announced that John P. Albright, President and CEO of the Company, has been appointed to the Board of Directors. He will stand for election at the annual meeting of shareholders in Class II with a term expiring in 2014. […]

The housing crisis and resulting drop in home prices has cost $7 trillion in household wealth, according to a statement this month by the Federal Reserve. Despite recent upticks in sales, it's only projected to get worse unless the increasing supply of foreclosed properties is removed from the market and more homeowners are prevented from […]

A $25 billion settlement agreement between regulators and five major banks could bring some -- but not enough -- relief to struggling borrowers. A draft of the settlement was completed this week but has not been approved yet. According to an Associated Press report, this is what the settlement could look like: The settlement would provide $17 […]

We need interpreters to explain what our politicians really mean, like the Kremlinologists used to do whenever a Soviet leader delivered a speech (with or without shoe-pounding). In last night's State of the Union speech, the president said: (R)esponsible homeowners shouldn't have to sit and wait for the housing market to hit bottom to get some rel […]