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The Latest from Team Kurtz
April Housing Scorecard: Progress as Values Rise and Sales Remain Strong
With the homeownership rate already at its lowest point since 1995, Capital Economics predicts further decline before a rebound occurs.
606 Acres in 18 tracts – Wooded and Cleared land, some with river view
Sale Results: $634,624 $1,047/acre (plus the river lot for $18,000) = $652,624.00
It was a dark and stormy night… well not exactly but there was
a torrent of bidding on 600 plus acres in Hancock County, Kentucky on
Tuesday evening before the rain came. More than 50 bidders registered,
http://rismedia.com/2013-05-06/improving-markets-list-includes-258-metros-in-may/print/
RISMedia » Improving Markets List Includes 258 Metros in May » Print
U.S. farmland returns in the fourth quarter were the highest in six years as values appreciated and crop harvests boosted income, according to an index from the National Council of Real Estate Investment Fiduciaries.
Returns rose to 9.56 percent, the most since the fourth quarter of 2006, the Chicago-based council said today in an e- mailed statement. Land appreciation accounted for 5.27 percentage points of the increase, while income from higher- priced crops was 4.29 percentage points.
MILLER LAKE TO BE SOLD AT AUCTION
From: Jim Goetz, Auctioneer
Date: April 10th, 2013
In Mid-America and the Southeast land prices are still up…and will probably stay there.
There appears to be little impetus driving sellers to reduce prices despite weak demand for certain types of land. To the contrary unstable stock prices will drive land values higher as investors become convinced that land offers more security.
Why are land sellers holding their ground while house sellers sink?
U.S. farmland returns in the fourth quarter were the highest in six years as values appreciated and crop harvests boosted income, according to an index from the National Council of Real Estate Investment Fiduciaries.
Returns rose to 9.56 percent, the most since the fourth quarter of 2006, the Chicago-based council said today in an e- mailed statement. Land appreciation accounted for 5.27 percentage points of the increase, while income from higher- priced crops was 4.29 percentage points.
