Morning Minute: Lower corn prices could affect farmland prices

Corn prices are trending lower this year and that could impact farmland property prices, which have been booming in recent years.

In a recent analysis, National Association of REALTORS® Chief Economist Lawrence Yun, said that while lower corn prices could negatively impact agricultural land, any declines are expected to be modest and most owners should be able to absorb the change. Read more.

In other headlines:

Mortgage default rate continues downward trajectory – HousingWire

Brokerage Giant Warns Agents Against Drones – Daily Real Estate News

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.