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Land prices in US gain on real estate recovery

Posted on 11 April 2013

Land prices have shot up in the U.S. with the real estate market and the economy’s road to recovery. According to a March estimate by Zelman and Associates, a real estate consultancy, land prices rose 13 percent across America in 2012. This is the first and the highest annual gain since 2005.
The tremendous price rise can be attributed to the increased demand for empty parcels. More number of builders is now looking for vacant lands to establish infrastructure. Additionally, the inventory and supply of available finished lots has remained relatively less. This is also another reason for the prices of these lands shooting up………………………………………..Full Article: Source

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