The largest landholder in the Florida Panhandle is suffering huge losses due to the BP oil spill. And it’s looking for someone to pay. The St. Joe Company , a real estate developer in Florida that owns 577,000 acres of land near the Gulf Coast, filed a suit against Halliburton Co. on Aug. 4, asking for more than $1 billion in damages.
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The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
The top 50 most vulnerable housing markets include four in New York, three in Connecticut, 10 from Florida, only two between California and the Southwest.