According to a recent report from the National Association of Realtors, land sales rose at a healthy pace in 2020 compared to a collapse in transactions of commercial real estate structures. The report says strong demand for residential land was followed by strong homebuying activity. However, they do say that land sales are expected to continue their increase in 202 1, but zoning regulations will pose constraints to residential land development.
Click here to read the full report at the NAR’s Economists’ Outlook.
