Builders Get Aggressive Again About Land Acquisition
Builders get aggressive again about land acquisition, but are they jumping the gun on the recovery?
Arizona Land Sells at a 92% Discount
Last month, a 10,200-acre parcel outside of Maricopa, Ariz., sold for pennies on the dollar.
Big Phoenix Land Purchase Suggests More Deals May Come
At least one local broker says investor demand for land and lots exceeds supply right now.
Cheaper Land Sparks Free-For-All in Some Markets
But investors and developers still think prices could go lower as builders liquidate assets for tax gains.