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Land Prices 2009?
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<blockquote data-quote="skyline" data-source="post: 604284" data-attributes="member: 5305"><p>I found this intesting.... Times are changing for sure. </p><p></p><p>RURAL LAND LOSING LUSTER</p><p>PALESTINE (Fort Worth Star-Telegram) – Until recently, investors looking for land poured money into just about every corner of Texas. But with the stock market in a free fall, the state's land boom has begun slowing.</p><p>The volume of sales of rural property in Texas fell 31 percent in third quarter 2008, said Dr. Charles Gilliland, research economist with the Real Estate Center at Texas A&M University. And he said land values are not increasing as they have in the past.</p><p>"The price increase has fallen substantially from what it was a year ago," Gilliland said. "In 2007, there was a 20 percent increase over 2006. It's just speculation at this point, but I wouldn't be surprised if we're pretty flat in the fourth quarter or just up about 5 percent from a year ago."</p></blockquote><p></p>
[QUOTE="skyline, post: 604284, member: 5305"] I found this intesting.... Times are changing for sure. RURAL LAND LOSING LUSTER PALESTINE (Fort Worth Star-Telegram) – Until recently, investors looking for land poured money into just about every corner of Texas. But with the stock market in a free fall, the state’s land boom has begun slowing. The volume of sales of rural property in Texas fell 31 percent in third quarter 2008, said Dr. Charles Gilliland, research economist with the Real Estate Center at Texas A&M University. And he said land values are not increasing as they have in the past. "The price increase has fallen substantially from what it was a year ago," Gilliland said. "In 2007, there was a 20 percent increase over 2006. It’s just speculation at this point, but I wouldn’t be surprised if we’re pretty flat in the fourth quarter or just up about 5 percent from a year ago." [/QUOTE]
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