Wall Street Journal published an article about dirt cheap lots and land rapidly increasing to pricey commodities. It sparked my interest, so I researched some available lots and lands in San Benito County through the MLS and about 20% have increased their price recently. Home builders are swooping up the land, getting the permits, and selling them to eager home buyers. Take a look at the chart below of major California cities that have seen an increase in permits.
Read the Wall Street article here.