There are 2.3 billion acres of land in the United States. Do you have your piece of it?
Land continues to be one of the strongest and most trusted investments available, with interest rates at a historically low level and massive spikes in consumer confidence. Driving the nation’s current demand in land purchases is a range of variables that all signify there’s never been a better time to invest. These include such factors as an increased desire for new developments, a nationwide construction boom, and strong lumber price futures.
The outlier in the conversation about land real estate is farm land, which accounts for 54% of total land usage in the country. While agriculture and related industries contribute at least $985 billion to the U.S. GDP every year, much of the interest in land development today is centered in metro and urban areas. But times are changing, and the trend toward interest in ag-land is an inevitability of our evolving real estate landscape.
To read the full article on LandHub, click here.