Josh McLean's (joshmclean) Blog

We at Kiplinger's Personal Finance magazine believe housing prices nationally will bottom out in 2008, but the recovery for housing markets will be slow. While lenders and loan servicers, the federal government and consumer credit counselors work out a plan to relieve some homeowners facing unaff...

We'll say this for the U.S. economy: It can take a punch. Consider the blows it has absorbed just this year. The worst real estate crash since the Great Depression. Pow! Oil prices up from $50 to $90 a barrel since last January. Bam! A subprime mortgage mess metastasizing into a full-blown credit...

NAR: Worst is over - existing-home sales to trend up in 2008 WASHINGTON - Dec. 11, 2007 - Existing-home sales are projected to trend up in 2008, with pending home sales showing a slight near-term rise, according to the latest forecast by the National Association of Realtors (NAR). However, a reco...

JACKSONVILLE , Fla. - The St. Joe Company announced today that it intends to significantly accelerate its value creation process in Northwest Florida and is restructuring the company to accomplish that objective. The restructured JOE is designed to increase its financial flexibility and strengthe...

Real estate investor Matthew Martinez is the point man for a private equity group that plans to invest $200 million in Florida condo developments. But recent forecasts show many housing markets in the Sunshine State are looking at double-digit drops in home prices. What is he thinking?"The smart ...

Two years of unexpectedly quiet hurricane activity in the US have caused a dramatic drop in insurance premiums that, experts say, could spark consolidation amongst brokers and underwriters.Brokers are predicting cover for hurricanes in the will tumble by at least 10pc in 2008The chief executives ...

NEW YORK (CNNMoney.com) -- The delinquency rate for mortgage borrowers spiked higher in the second quarter and the number of homes entering the foreclosure process hit a record high, according to a report released Thursday. Deliquencies hit 5.12 percent of all outstanding mortgages, up from 4.39 ...

Home Prices Expected to Bounce Back in 2008 The prices of existing and new homes are expected to bounce back next year after a dreary 2007, a real estate trade group said Wednesday. The National Association of Realtors also said it expects existing-home sales to rise to nearly 6.4 million in 2008...

Paulson: Housing slump likely near endThe Associated Press, Martin Crutsinger (AP Economics Writer)WASHINGTON - June 21, 2007 - The major slump in the housing market is nearing an end and should not have a significant impact on the overall economy, Treasury Secretary Henry Paulson said Wednesday....

The Florida market has been hit particularly hard by the current real estate slowdown. Investors, potential owners of second homes and retirees are backing away from buying there, says David Hehman, chief executive of EscapeHomes.com , a vacation home Web site. In the Fort Myers and Cape Coral ar...