Texas Named Top U.S. Market for Land Sales
Texas is known for "wide-open spaces" and in 2021 it took the lead of all of the states for land sales!
An article on Austin Culture Map said, "According to a new report from the National Association of Realtors and the Realtors Land Institute, the five states with the largest shares of land sales in 2021 were Texas (14.6 percent), Florida (12.8 percent), California (6.2 percent), Georgia (5.3 percent), and Arizona (5.2 percent).
“Given the challenges of the past two years, many of our buyers are looking for more than just a second home — they want the sense of freedom and a deeper connection with the land that farm and ranch properties offer,” says Scott Durkin, CEO of Douglas Elliman Realty.
Interest rates keep rising as we all know but that will not stop Texas land sales from skyrocketing. This land is in high demand for multifamily and single-family housing needs
Read more here.