GO
Loading...

The real estate bubble that already burst

Even as residential housing recovers from the financial crisis, there's another real estate bubble that may have already burst: farmland.

Getty Images

The Wall Street Journal reported that average farmland prices in the U.S. region known as the "farm belt" declined in the third quarter, citing multiple reports from regional Federal Reserve banks.

Bankers expect farm prices to fall even further going into 2014, the paper said, due to large crops this season that depressed commodity prices.

But at the same time, bankers also told the paper that farmers were in better financial shape than past crises, with more equity in their land and lower interest rates on their debt.

For the full story click here.

Contact Real Estate

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*
  • Diana Olick serves as CNBC's real estate correspondent as well as the editor of the Realty Check section on CNBC.com.

Latest Special Reports

  • File photo: Participants at a hacking conference in Germany

    A series of high profile cyber attacks has created huge economic opportunity as businesses look to fend off future attacks.

  • Whether you're young and just getting started investing or moving closer to retirement, factoring in age will keep you ahead of the game.

  • Advisor-centric content with guest columns covering practice management, investment strategies and marketing/social media.