On average, homes are selling for less than their appraised value. There appears to be a disconnect between the amount a home is appraised for and the actual sales price of the home. According to financial services company Progress in Lending Association, home appraisal values were higher than sales prices 51% of the time during the first half of 2024. This is the largest gap between appraisals and sales prices recorded since 2020, when 42% of homes were appraised above their sales price. As of June 2024, the average over-appraisal was 9% across all housing markets studied.

Homes Are Selling for Less Than the Appraised Value

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price took a big hit in June, slumping 7.6% month over month and 20% year over year to $54,300 units. “We signaled the price drop last month,...

ACT Research: Used Class 8 Truck Retail Sale Price Took Big Hit in June

The Associated Press

NEW YORK (AP) — The National Black Farmers Association called on Tractor Supply’s president and CEO Tuesday to step down after the rural retailer announced that it would drop most of its corporate diversity and climate advocacy efforts. The resignation demand emerged as Tractor Supply, which sells products...

Black farmers’ association calls for Tractor Supply CEO’s resignation after company cuts DEI efforts

California State

Hawaii State

Real Simple

These unlucky states boast grocery prices well above the national average.

5 States With the Highest Grocery Bills, According to the U.S. Census Bureau

The Spun

Lindsey Vonn, the legendary U.S. Olympian, is in Paris, France for the 2024 Summer Games. The 2024 Summer Games are continuing on Sunday, with a couple of notable events taking place. The U.S. men's basketball team is taking on Serbia in a group stage game on NBC. Later on Sunday, the U.S. women's ...

Lindsey Vonn Posed In Nothing But 'Body Paint' For Epic Swimsuit Photo

Iowa State

Moline, IL

Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.

Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

As of Q1 2024, the average sales price of homes sold in the United States was $513,100, according to the Federal Reserve Bank of St. Louis. Housing prices across the board have been on a steady rise over the past 60 years or so, though certain periods have seen dips. Even these have always corrected themselves after a few years, though.

8 Best and Worst States To Buy Property in August 2024, According to Housing Market Experts

Minnesota State

Chairman Glenn “GT” Thompson (R-PA) painted a depressing picture in his opening remarks. “Declining prices and cash receipts, escalating natural disasters, and increasing input costs have created a perfect storm that will compromise the foundation of our agricultural economy. We are living through the largest two-year decline in farm income in history,” said Thompson. “At the end of 2024, total farm sector debt will be the highest the U.S. has seen since at least 1970. Most farmers and ranchers, including those here with us today, are likely to be worse off financially by years’ end.”

Farm Financial Conditions are Rough

Markets Insider

Homes in some pandemic boom towns are as much as 30% overvalued, one real estate analyst estimates.

The housing market is close to a rare buying opportunity with prices set to drop in pandemic boom towns, analyst says

Waterloo, IA

Deere & Co. is reducing its salaried global workforce as tractor sales weaken through a difficult farm economy, adding to a series of recent layoffs across the company. Increased operational costs and demand declines have “unfortunately forced us to make tough decisions,” a Deere spokesperson told Agriculture Dive in an email Thursday. The company confirmed salaried workforce reductions were taking place, but did not disclose exact numbers or estimates.

Deere lays off salaried workers as sales tank

With the USDA cancelling its regularly scheduled July cattle inventory report due to budget cuts, a question that many would like to have answered is: How big is the U.S. cattle herd?. Fortunately, historical relationships between changes in prior and subsequent inventories and levels of cow slaughter in between or...

How big is the U.S. cattle herd?

Florida State

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writer

Akeena

If you’re following the business world, you might have noticed some tough news coming from Florida’s trucking industry. Recently, three trucking firms from the Sunshine State have opted for Chapter 11 bankruptcy protection as they navigate ongoing struggles. So, what’s going on? Let’s take a closer look.

Florida Trucking Companies File for Chapter 11 Amid Industry Challenges

Snopes

An article in the New York Post claimed that land near military bases owned by Chinese investors created an "alarming" national security threat.

Fact Check: Chinese Investors Are Buying Farmland Around US Military Bases?

DayTripper

The hit History Channel series "American Pickers" is gearing up for an exciting return to Minnesota this fall. The show's production team has announced plans to film episodes throughout the state in September 2024, offering locals a chance to showcase their unique collections and share their stories with a national audience.

"American Pickers" Set to Unearth Minnesota's Hidden Treasures

Illinois State

Despite increasing drought conditions caused by a heatwave in June, corn silking is ahead of the five-year average in Illinois, according to the USDA Crop Progress report for Illinois for the week ending June 30. USDA’s 2024 corn crop stats. According to UDSA’s Prospective Plantings report published on March...

What is going on with Illinois corn?

The housing market looks far different than it did when the pandemic was just starting. These charts help explain why. It's no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken away consumers' purchasing power,...

The housing market, explained in 6 charts

MOLINE, IL – The National Black Farmers Association (NBFA) President John W. Boyd, Jr. has called for the resignation of John Deere CEO John May and initiated a boycott against the company. Boyd’s demands come in response to John Deere’s continued plans to launch an autonomous tractor by 2030,...

Shocking Move: John Deere’s New Robot Tractors Could Leave American Farmers Jobless!

New Jersey State

Texas State

Latin Times

The share of immigrants in the workforce has grown steadily over the last 15 years and more rapidly since 2020 as immigrants have returned to work more quickly post COVID-19 than their U.S.-born counterparts. As the U.S. economy increasingly relies on migrant labor, a new study by Brookings shows which states and occupations may see the highest need of foreign-born labor in the years to come.

California, Texas and New York among top states projected to have highest demand for work visas by 2030

John Deere, a leading name in the agricultural equipment industry, recently announced a significant shift in its manufacturing operations. The company plans to relocate a substantial portion of its production outside the United States, a move that has sparked considerable debate. John Deere’s Historical Manufacturing Operations in the US.

John Deere’s Manufacturing Relocation Affects US Jobs

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

NewsBreak

Moving Iron: The retail vs. auction market

The retail and auction markets are not separate entities. They are intricately interwoven, each influencing the other in a complex dance of supply and demand. It’s...

Moving Iron: The retail vs. auction market

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