1 minute readThere’s a reason residential real estate tends to produce generation after generation of deal junkies. It’s called the squeeze.
The squeeze takes place between a rock and a hard place. On one side, all of those catch-phrases about the timeless value of real property, none more quoted than
NAR correspondent Sara Ventiera writes:
The places where raw land prices have risen the most since last year all have vibrant and growing economies, making them good bets for relocation. Some have a land supply limited by geography or local zoning ordinances—and as people fleeing more densely populated and expensive areas stream in, that demand pushes up prices for lots, just as it does for existing homes.
The back-half of 2021 will reflect a match of wits, intestinal fortitude, and deep market intelligence into how both prospective buyers and sellers will play off their leverage and asymmetric access to information.
Of note, as fewer larger players deepen their competitive share of scale in each of their operating arenas, smaller players face steeper odds against finding their niche. But that doesn’t mean some won’t continue both to try and to succeed at doing so, which makes them even more valuable and valued among those who’d like to add them to their constantly growing portfolios.
Join the conversation
