Hints of growing confidence in the US economy offer hopeful signs across many real estate segments, including land. Even so, restoring balance to the oversupply of development-ready land will require smart development decisions, as well as time.

Land transactions have gained momentum, especially across the major metro areas of the Sunbelt. Some properties in play are distressed; many are not. Underlying demand is driving long-term landholders, who have been waiting for a positive turn in the market, to put their land in play—especially throughout Texas, Tennessee, Georgia and the Carolinas. Furthermore, infill tracts are the hottest land category.

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