Homes, while not that high here, have fallowed a trend like that here money wise. They never were that much so a 20k price jump over the last 3 years then a 30k drop the last year has made the percentages look worse.
2 to 5 acre building lots are flat out not selling now. Any lots close to town were snatched up the last 3 years now the ones out in the sticks no one wants because they are scared of the price of gas. (Not going to buy a MccRanch spread if they can"t drive a Suburban 30 miles to work.)
I have been looking for production land to slide a little this winter but they have not. Seen a cattle farm with bad fences, few bins, pole barn shop, and harvestore silo sell for $2000/acre the other day. The only big land that has droped here is timber. Logs ain"t worth much and the city punks who need 200 acres to deer hunt and drink beer on don"t have the funds these days to bid the ground up.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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