By Real Estate Consulting
Today’s housing market is piping hot, and people are asking two big questions: “Where can I buy more land?” and “How can we make more developable land?” Before you resort to creating islands off the coast of California, give this week’s New Home Insights podcast a listen. In this podcast Greg Vogel, founder and CEO of Land Advisors, gives us a rundown on today’s hottest topics related to land. Below are some key takeaways.
- Despite solid to strong market conditions, the 2010s did not see a land-buying spree, since high and rising horizontal and vertical development costs put a lid on land prices.
- Absorption rates and pricing power also played a part in restricting the land market.