The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Broken_Clock	5/18/2007 5:41:36 PM
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AP St. Joe Suspends Sales at SevenShores Friday May 18, 5:31 pm ET St. Joe Temporarily Suspends Sales at SevenShores Development in Bradenton, Fla. JACKSONVILLE, Fla. (AP) -- Real estate developer St. Joe Co. said Friday it will temporarily suspend sales at its SevenShores development in Bradenton, Fla., while it conducts new market research. "The slowing market has provided an opportunity to measure and analyze current demand so that we can better align our future product offerings before moving forward with sales," said Nick Cassala, the company's president of the northeast and central Florida regions, in a statement. St. Joe shares slipped 95 cents to $54.35 in Friday trading.

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