How Has Inflation Affected Land Values?
“Our expectation is that we’re going to see some significant stabilization. We’re not going to see any kind of crazy depreciation or drops or anything like that. There may be dips in some parts of the country compared to others, but overall there’s a lot of cash in the market. As a result of that, and the fact that we don’t anticipate an influx of available property for purchase, we’ll see a stable market for values in 2023 and into the future,” stated President of National Land Realty Jason Burbage this week during his appearance on RFD TV. During this interview, Jason focused on the ways inflation affected land values in 2022 and the record farmland values seen across the midwest this year.
Jason spoke about the inflationary pressures brought about by the Covid-19 pandemic, and the various impacts they had on land values over the year. He then went on to describe his predictions for land values in 2023, stating that a long period of land value stabilization is likely as a result of the high demand for land. To learn more about how inflation affected land values this year, check out this article on our blog!