5
The rural land market continues to surge
and, so far, this is in spite of seemingly low
inventory and what's projected for 2022: a
series of interest rate hikes.
With already one interest rate hike in mid-March, reports of more impending hikes on the
horizon pepper the news as we roll into the second quarter. Inflation across the economy and a
volatile stock market are some key factors for how the land market shapes up in 2022.
Since 2020 and that year's interest rate cuts, there's been
nowhere else for rates to go but up. So the outcome we expect
now — interest rate hikes — was always inevitable. Even more,
we don't expect the rural land market to go stagnant. Instead,
we continue to see record-high land values with landowners
getting top dollar for land that's being sold. The reality now
and as we move ahead into 2022 is clear: There's never been
a better opportunity to maximize the return on your property
than right now.
