The amount of press farmland has received in the last year could fill a few bookshelves. It is amazing that a real estate category that typically turns over at rate of about 3% which is now turning at half that has so much exposure and analysis. So what about all the other land? Recreational land, building land, vacant lots, or any other rural land? What is happening in that market? There seems to be no press and buyers are thrilled.
If you are in the market for land for recreational use or as a building site then now is the time to search. Farmland that may have been split up and converted to transitional development land is a good start. Prices are usually reasonable and tend to mirror...