Tara Cochran

📊 October Market Insights, From Thoroughbred Real Estate Services:

The latest economic and housing data paints a picture of a market in transition — steady mortgage rates, a cooling labor market, and diverging trends between existing and new home sales. Here’s what it means moving forward:

💹 Rates Steady
•Mortgage rates have held flat for two weeks as markets wait on the delayed jobs report. Softer labor data (ADP showing –32K jobs) suggests cooling, which could push the Fed toward easing.

📈 Economy Balanced
•Q2 GDP was revised up to 3.8%, showing resilience even as jobless claims remain elevated. Inflation is steady but above target, keeping Fed policy in focus.

🏡 Housing Diverges
•Existing sales: Down just 0.2%, with inventory up 12% YoY.
•New home sales: Jumped 21%, strongest since 2022 — but only 124K of 490K homes are move-in ready.

🔑 What This Means:
•Buyers: Lower rates + more inventory = opportunity.
•Sellers: Demand is rising, but competition favors well-positioned listings.

📩 Connect with Thoroughbred Real Estate Services to explore how today’s data shapes tomorrow’s opportunities.

🌾 Farmland & Raw Land Market Update, Summer 2025 - From Thoroughbred Real Estate Services

The land market may not make the daily headlines like interest rates or housing sales, but for investors, landowners, and those dreaming of acreage or equestrian estates, the current trends are worth a close look.

🐎 Farmland: A Market Catching Its Breath

After years of rapid appreciation, farmland prices are leveling out—and in some areas, softening. Many regions are seeing values 5–10% lower than last year’s peaks, with lower-quality or more remote parcels down as much as 15%.

Why?

Slower farm revenue and higher interest rates are making some buyers more cautious.

Quality matters: Highly tillable Midwest farmland with good soils is still moving quickly, while land with poor drainage or access is selling slower and at deeper discounts.

Listings are scarce—down about 20–25% from the highs of just a few years ago—which is helping support prices for top-tier parcels.

Who’s buying?
•Local farmers (≈59%) expanding operations
•Individual investors (≈30%)
•Institutional players (6–9%) pushing auction prices higher on prime tracts

🏞 Raw Land: Development Potential in Demand

While some rural land markets have cooled, raw parcels near growth corridors are attracting intense interest from developers and land bankers. Builders are strategically buying now—sometimes years ahead of breaking ground—to secure future inventory.

Key drivers:
•Expansion of suburban and exurban markets
•Zoning that allows for residential or mixed-use projects
•Long-term investment strategies where holding land now beats competing for it later.

📌 What This Means for You

Whether you own acreage, farm ground, or a rural lifestyle property, here’s the current picture:
•Top-quality farmland is holding its value and selling steadily.
•Lower-grade or remote parcels are seeing slower sales and steeper discounts.
•Raw land with future development potential remains a hot commodity—especially near growing metro areas.

If you’re considering buying, selling, or exchanging land, 2025 may offer a unique mix of less competition and strategic buying opportunities before market conditions shift again.

🗣️ Let’s Talk Land

At Thoroughbred Real Estate Services, we understand the nuances of farmland, acreage, and equestrian properties. Whether it’s time to sell, invest, or simply explore your options, we can help you position your property—or your offer—for the best possible outcome.