Land is on fire...National builders realizing that they paid way to much for property are fire selling their inventory.  Large land tracts are taking a big hit, and many investors are snatching up this properties for pennies on the dollar. 

I've been contacted several times by big builders trying to move the standing inventory and tracts they knew they paid to much for.  They're taking all their loses this year for tax purposes.  Don't expect this trend to continue.  After they free up the liquid cash look for them to be the land predator once again, especially in the Florida market. 

Small builders take don't get caught...I've already advised my local builders to do the same.  Once the inventory is off loaded they will re-load with cheaper land and price you out the market. 

Many big investment companies have also geared up to soak up the land deals...Why? Well, because unlike developed properties, land typically appreciates.  While buildings tend to loose value due to depreciation.  Wrong you say...Look closer at the deal...Is the building gaining value or is the Land/Location actually causing the property to appreciate. 

Land is a great investment because it doesn't out-date.  Generally you can lease the property out to different tempary businesses, and actually provide income.  Land doesn't have the cost of other properties.  You generally don't carry insurance on Vacant Land or have heating/cooling and other utilities bills.  Not to mention the upkeep.  Land requires very little maintenance. 

Fortune had a really good article this morning if you haven't read it check it out...