Low interest rates and strong commodity prices have resulted in an uptick in land values. National Land Reality, which has offices in nearly 40 states, surveyed real estate agents and brokers and found more than half of the people surveyed experienced an increase in business in 2020. National Land Realty President Jason Burbage said values are significantly higher for recreational land. “The pandemic created a new market for people who ever really considered rural land before because people starting realizing the benefit of having space.” More than half of the survey respondents saw the value of recreational land increase.
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