Tuesday, October 29, 2013
Rising Land Values
Here is a BusinessWeek article on rising land values. It presents data you'd expect: the areas hardest hit by the housing crisis and that saw land prices plummet, are now seeing big increases in land values. What was missing from the article was data on lot sales and the shortage of finished lots. I have read news articles detailing how the shortage of finished lots is pushing up land prices as home builders try to keep up with demand for homes.