Hot real estate prices extend to rural land - 2006-03-09
The fastest-growing commodity in Florida farm country last year? Land values, which surged 50% to 88%, depending on the area. While not quite as steep, a similar story has been developing across the country. Rural real estate prices jumped 11% to an average of $1,510 per acre from Jan. 1, 2004, to Jan. 1, 2005. That's the quickest annual jump since 1981 and the biggest on record in dollar terms.
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U.S. Economy: Trade Deficit Widens to a Record - 2006-03-09
The U.S. trade deficit grew to a record $68.5 billion in January as the oil-import bill climbed and Americans purchased more Chinese goods. The deficit in goods and services trade was bigger than forecast and followed December's $65.1 billion shortfall. An increase in imports in January exceeded a surge in exports.
Read the full story at Bloomberg