[Fox Business] Michigan woman finds more than greens in packaged spinach: ‘Thank God I didn’t eat the frog’

A Michigan woman reportedly discovered more than veggies in packaged spinach she bought at her local grocery store. 

The woman, identified as Amber Worrick, and her daughter realized a frog was nestled in the leafy greens inside an Earthbound Farm organic spinach container, according to Fox 2 Detroit

She told the station she bought it at a Meijer grocery store in Southfield, a suburb northwest of Detroit.

Earthbound Farm has belonged to Taylor Farms since 2019, when the California-based firm bought it from another food company. 

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Taylor Farms told FOX Business it was “in direct communication with our customer partner and the consumer to express our apologies.”

“Food safety and consumer experience are the top priorities for us, and we are looking into how this happened and how this can be prevented in the future,” the company added. “Our organic farming practices help promote biodiversity and healthy ecosystems on and around our farms. We will continue to work tirelessly to provide the freshest, finest quality veggies for consumers.”

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FOX Business also reached out to Meijer for comment.

The critter, apparently a Pacific tree frog, has since been released to the wild. That release happened after Worrick returned the packaged spinach to Meijer, per Fox 2 Detroit. 

Full-grown Pacific tree frogs are about two inches long on average, according to a document from the Oregon Department of Fish and Wildlife. They are also sometimes called Pacific chorus frogs.

“Just thank God I didn’t eat the frog,” Worrick told Fox 2 Detroit. 

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The grocery store also reportedly refunded her money. 

Meijer’s retail footprint across six states includes over 500 supercenters, grocery stores, neighborhood markets and express locations. In Michigan, where it is based, the company recently debuted two new supercenters, according to a recent press release.

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[Fox Business] More homes sold over the asking price this homebuying season: Case-Shiller

Home prices kept appreciating in May, according to the latest S&P CoreLogic Case-Shiller Indices report.

Although home prices across the U.S. fell by 0.5% annually in May, on a monthly basis, prices increased by 1.2%, according to the report. 

“Home prices in the U.S. began to fall after June 2022, and May’s data bolster the case that the final month of the decline was January 2023,” Craig Lazzara, S&P Dow Jones Indices managing director, said. “Granted, the last four months’ price gains could be truncated by increases in mortgage rates or by general economic weakness. But the breadth and strength of May’s report are consistent with an optimistic view of future months.”

Moreover, buyer competition has also heated up, reflected in an increasing share of homes selling over the asking price, 39% compared to an average of 25% pre-pandemic, according to CoreLogic Chief Economist Selma Hepp.

“As a result, median price premium (ratio of sale price to list price) is back to positive, at 1%, after declining since last September,” Hepp said in a statement.

If you want to take advantage of interest rates before they potentially go up, you could consider shopping for the right mortgage or refinance your existing one. Visit Credible to speak with a mortgage expert and get your questions answered.

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In May, the Midwest unseated the Southeast as the country’s strongest region. The 10-city and 20-city composites saw monthly gains of 1.5%, with homes in the Rust Belt cities of Chicago, Illinois, Cleveland, Ohio, and Detroit, Michigan, posting the most significant gain, according to the report.

It’s a departure from cities in the Sun Belt seeing the most significant increases, according to Lazzara. Since May 2018, the top-ranked cities have been Las Vegas, Phoenix, Tampa and Miami. 

“While home sales activity still continues to tell a tale of two markets: one of the West, which is constrained by a lack of existing inventory, and the other of the Southeast and South, where the availability of new homes for sale is creating sales opportunities; home prices are not necessarily following the trend anymore,” Hepp said. “Price gains have been strongest in Midwest pandemic-laggers, Cleveland, Chicago, Detroit, which are now the hottest housing markets.” 

If you are looking to reduce your expenses, you could consider refinancing your home loan to lower your monthly payment. Visit Credible to compare multiple mortgage lenders at once and choose the one with the best interest rate for you.

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The gain in home prices is surprising as previous forecasts had called for the opposite. Still, the limited housing supply has helped support the market, according to Keeping Current Matters Chief Economist George Ratiu. 

Although the market remains unaffordable for many, areas with demand are experiencing high levels of competition due to the lack of homes up for sale. 

“Real estate analysts and headlines had expected housing markets to slide into a deep recession following last year’s aggressive monetary tightening, coupled with sharp inflation and the attendant surge in mortgage rates,” Ratiu said in a statement. “At the same time, residential real estate markets remain structurally out-of-balance, with demand far outpacing the limited inventory of available homes, the result of more than a decade of under-building.

“As homebuyers, buoyed by a solid job market and rising wages, accept current mortgage rates as the new normal, even a moderate pace of transactions will keep upward pressure on prices during the peak summer season,” Ratiu continued. “We can expect prices to show a typical return to historical patterns as we move into the second half of the year.”

Homebuyers may find a better mortgage rate by shopping several lenders. If you are ready to shop for a mortgage loan, visit Credible to help you compare interest rates from multiple mortgage lenders and choose the one with the best rate for you.

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