While overall median land prices steadily rose 4 percent, individuals and families continued to invest in land and account for 58 percent of buyers in land sales transactions, according to a 2014 Land Markets Survey, conducted jointly by the REALTORS® Land Institute and the National Association of REALTORS®.
In addition, the survey also revealed that 17 percent of land purchasers are corporations/partnerships, 17 percent are investors, and 10 percent are expansion farmers.
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REALTORS’® confidence about the outlook for the next six months for single-family homes is still generally “moderate” in many states, according to the September REALTORS® Confidence Index Survey.
In this video, Director of Housing Statistics Danielle Hale talks about the current healthy level of contract activity in the market. She also gives a market forecast for the next 6-12 months, and talks about pending legislation that could affect the housing market.